$CELH
Added 2025-01-31 12:06:06 +0000 UTCStill no reversal here but likewise still holding onto the blue support line although it does appear to be a struggle for the bulls to hold.
The 50 Day MA is still keeping this down and earnings is not due until the end of Feb
I don't see an entry yet until the price action can break above the 50 Day MA at $28 and holding above this level, also we want to see a series of higher highs and higher lows next too.
I believe with a positive earnings and a breakout, then this can start its recovery again to the upside.
Comments
This has been a painful lesson. But a lesson nonetheless.
Nick E
2025-01-31 12:58:57 +0000 UTC
