$CELH Looking Ripe for Bullish Reversal
Celsius (
CELH) looking ready to move up after hitting the 0.618 bullish fib reversal (Fib: AUG 9 2011) - Mar 11 2024 @ ATH). The green arrow marks the predicted path of the price Celsius can go based on historical price action.
Tools and Indicators
In one option call:
CELH 18 OCT 24 50c @ 0.32 (currently down 34% at 0.22)
ENTRY: $33.82
TARGET: $37.34
STOP LOSS: $30.50
Bullish Targets
$33.46 | Bullish Target 1🎯 - Previous Day High (Sep 6 '24)
$34.88 | 2🎯 - 50% of Last Week's Move (Tues, Sep 3-6)
$36.17 | 3🎯 - Aug 8 @ 10:30 (1h timeframe)
$37.72 | 4🎯 - Previous Weekly High📈 (Wed, Sep 4)
$38.08 | 5🎯 - 0.618 fib (Aug 9 2011 - Mar 11 2024)
Bearish Targets
$31.55 | Bearish Target 1🎯 - Previous Daily Low📉
$29.91 | 2🎯 - Weekly Target 1🔽
$28.10 | 3🎯 - Weekly Target 2🔽
$26.75 | 4🎯 - Weekly Target 3🔽
CELH) looking ready to move up after hitting the 0.618 bullish fib reversal (Fib: AUG 9 2011) - Mar 11 2024 @ ATH). The green arrow marks the predicted path of the price Celsius can go based on historical price action.Tools and Indicators
- Bullish Fibonacci (Aug 9 2011 - Mar 11 2024)
- Price Action (Previous Highs, Lows and Targets)
- MACD and RSI
In one option call:
CELH 18 OCT 24 50c @ 0.32 (currently down 34% at 0.22)ENTRY: $33.82
TARGET: $37.34
STOP LOSS: $30.50
Bullish Targets
$34.88 | 2🎯 - 50% of Last Week's Move (Tues, Sep 3-6)
$36.17 | 3🎯 - Aug 8 @ 10:30 (1h timeframe)
$37.72 | 4🎯 - Previous Weekly High📈 (Wed, Sep 4)
$38.08 | 5🎯 - 0.618 fib (Aug 9 2011 - Mar 11 2024)
Bearish Targets
$31.55 | Bearish Target 1🎯 - Previous Daily Low📉
$29.91 | 2🎯 - Weekly Target 1🔽
$28.10 | 3🎯 - Weekly Target 2🔽
$26.75 | 4🎯 - Weekly Target 3🔽
Trade closed: stop reached
Updated my Profit Target from $37.34 to $37 (under the Previous Weekly High).
Updated Stop Loss from $30.50 to $32.50 because contracts were down more than 50%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.