Neutral on $CELH at the moment.
Looking into earnings, I expect them to have great numbers, but with market sentiment so high, not really sure how is going to move. Because is trading on the nasdaq, I feel has been hammered down too much lately...
That being said, looking at the technical, it seems to be near an ascending triangle support, which indicate a possible bullish move. The stock has been downtrending for the past week/week and half and the MACD is still trending down.
I was expecting this to be moving higher, since could be categorised also as reopening trade and most of similar retail company were moving higher... Granted is a tiny company compare a $MNST.. But this could be at its advantage..
If management shows during next week earnings call that they were able to fix the bottleneck issue with supply, this will be trading much higher!
Looking into earnings, I expect them to have great numbers, but with market sentiment so high, not really sure how is going to move. Because is trading on the nasdaq, I feel has been hammered down too much lately...
That being said, looking at the technical, it seems to be near an ascending triangle support, which indicate a possible bullish move. The stock has been downtrending for the past week/week and half and the MACD is still trending down.
I was expecting this to be moving higher, since could be categorised also as reopening trade and most of similar retail company were moving higher... Granted is a tiny company compare a $MNST.. But this could be at its advantage..
If management shows during next week earnings call that they were able to fix the bottleneck issue with supply, this will be trading much higher!
Trade active:
Above 70$s and we go to the moon!
I was holding 2000 shares and sold half! Keeping 1000 shares to 70s, sell half and keep 500 shares all the way to 100$?
I was holding 2000 shares and sold half! Keeping 1000 shares to 70s, sell half and keep 500 shares all the way to 100$?