$CELH is getting hit in the PM now after BofA has cut them to underperform with a PT of $32.
On the weekly chart we can see that the 200 MA is at $35, so there is a possibility of support here....but losing this level and the next support line is at the 0.78 Fib at $22.
PE and FWD PE are still high right now but their growth is expected to be strong.
I think this was a harsh call by BofA.
Jedi
2024-08-09 04:40:04 +0000 UTCJedi
2024-08-09 04:39:41 +0000 UTC