$CELH
Added 2024-07-10 19:55:39 +0000 UTCFlush down to $52 yesterday and has recovered very well today and what looks like a potential double bottom now.
A test of the 0.5 Fib at $50 can not be ruled out at any stage but we should be looking for signs of a reversal now, so we want to see a higher high and higher low next, which is a common sight on some of the charts we have been uploading lately....$BIDU, $IQ and $BABA as an example.
A relief bounce could send this back up to the 200 Day MA at $65.
The RSI is also showing signs of bullish movement and it has just moved out of oversold territory on the daily chart.
Better set ups rights now but this should be observed.
