- $CELH daily, weekly, and monthly charts
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So Peregrine looking at that 9 month chart would you expect CELH to get down around 92.50? Then looking at the other charts it could go lower?
Andy
Would have been a good short on the horizontal support break. (Missed while hooking up in the Chemo Cafe.)
Looking later this week to maybe go long, but no problems shorting for a day or two if the 39-minute charts say to pull the trigger.
Hey Andy, we got an answer to your question today.
Next horizontal down is the 80.00 region.
I’m holding off on a nibble for a bit. Also, they just moved earnings from 24 FEB 23 amc to 7 MAR 23.
Companies which move around their report dates are always suspect to me.
But if the $PEP distribution chrarge are what knocked this down, I expect the bounce to be big and hard to the upside once new revenues from the new distribution pack start working their ways into the Balance Sheet going forward.
$80 looks doable and it also looks like a stronger support than the horizontal support broached today.
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Thank you Peregrine, I have been watching this since the first of the year when I heard about the pepsi deal. I appreciate your help.
Andy
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Yeah, Andy, $CELH dropped harder than I was looking for intraday. That drop below the down trendline on a down wedge? Bearish.
I’m going to be very patient on this one.
I’ll update tomorrow EOD if I am able.
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Take care.
The puts are really Juicy on Celh right now and they report March 7th.
Andy
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