$CELH
Added 2024-08-23 09:07:49 +0000 UTCRemember the market will always reward patience
Many probably wanted to add $CELH when it tested $35 and then got discouraged when it started to run up to $43 but pull backs always come and we saw how quickly sentiment can change yesterday and the market can pull back
Price has now tested the 0.5 Fib twice now at $39, dipping slightly below this level too but holding.
This level is acting as a support level now, so we want to see a reversal here next, with a higher high and higher low next, this is not in yet
PE is still at 38
FWD PE is still at 32
So in spite of its sell off, fundamentals are not cheap, its whether the market believes $CELH can continue growing at the pace it has been
If you believe it can, then you'll pay a premium PE for this.....but this is why I have not started a position in $CELH
Comments
I use Scalable capital broker and I had no chance to invest on Celsius or ONON
Karnick
2024-08-23 11:10:31 +0000 UTCHaha I like that
Gareth Neary
2024-08-23 09:48:46 +0000 UTC_Remember the market will always reward patience_ If I lived by this sentence this last year I’d be in a much happier place. I need to do lines of it on a blackboard until it sticks.
Nick E
2024-08-23 09:22:09 +0000 UTCIn terms of technicals it’s perfect….a lot of members are keen here too
Gareth Neary
2024-08-23 09:15:08 +0000 UTCSo Cap, can you explain why do you seem interested in this company ?
Minar Al-Balaawi
2024-08-23 09:12:50 +0000 UTC
