$CELH
Added 2024-06-11 12:35:39 +0000 UTC$CELH had a weak day yesterday and sunk another -9% and has followed our ABC correction very well, in spite of it looking like Wave C would not happen but we kept to our projection.
Price hit exactly on the 200 Day MA yesterday and found support at $65.
A new low has also been made too, so technically the ABC correction could be compete here.
$CELH is down -34% now in a month, so a relief bounce may be due.
I would like to see $CELH move down to lower Fib levels in order to attract me to buy but if you are a current holder here, you should be watching for a bounce next to add again.
Comments
Price now under $60. Welcome thoughts on whether this double top formation signifies significant further downside. Are we headed for the 0.5 or 0.618 levels?
Nick E
2024-06-13 13:35:21 +0000 UTC
