$CELH
Added 2024-10-10 09:16:02 +0000 UTCUP +6% yesterday and another +6% in the PM now after an upgrade yesterday, average PT now for $CELH is at $56, so in terms of R v R, the price at $32 does not look too bad
Price has managed to move higher just before the blue line at $26, which suggests to me that institutions have started moving in as they were trying to get in ahead of the market and retail wanting to buy this at $26.
You are still very early here and we do not have any evidence of the start of an impulse wave, all we have is one movement up and still well below the 50 and 200 Day MA
The 50 Day MA is up at the 0.65 Fib at $35, so while being below $35 there is still risk here
If you like $CELH as a long term hold, a starter position here would make sense, especially if there is a dip after the opening today and build a position as the impulse wave is confirmed.
