Dec. 6 at 2:24 AM
Actionable Trade Alert for
$CELH:
Market Context:
$CELH is currently trading at
$42.66, with the RSI at 45.91 indicating a neutral momentum. The stock is significantly below its 30-day moving average (MA30) of 48.16 and 50-day moving average (MA50) of 53.07, suggesting potential for upward correction.
Directional Bias: Given the current price is closer to the 60-day low of 37.45 than the high of 66.74, there is a bullish bias if the price can break above resistance levels indicated by the MAs.
Trade Plan:
- Suggested Entry:
$43.00 (slightly above the last close)
- Stop Loss:
$40.65 (below recent support, approximately 5.5% risk)
- Take Profit Targets:
- Target 1:
$46.00 (7% gain)
- Target 2:
$50.00 (16% gain)
- Target 3:
$50.00 (17% gain)
With a solid risk-reward ratio and potential for recovery towards the MAs, this trade presents a favorable opportunity.
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