$CELH
Added 2024-06-05 20:47:17 +0000 UTC$CELH had a good day today but I would be reluctant with starting a position here until there is a clear test of support and hold.
It has declined quite heavy and aggressively since its earnings and a report suggesting their sales are eroding.
The 200 Day MA is sitting at $65 right now, so I would expect at the very least a test of this level and if it is lost, we are into searching for a Fib level for support at $62 or $50.
Long term I think there is value here but I would wait until Wave C is confirmed.
