Nov. 21 at 3:11 AM
$CELH is currently trading at
$39.21, showing a significant bearish sentiment with an RSI of 18.04, indicating it is oversold. The price is below both the 30-day MA of 54.77 and the 50-day MA of 55.52, reinforcing a downward trend. The recent 60-day high of 66.74 and low of 39.15 suggests a tight trading range, with the current price near the low end.
Directional bias is bearish due to the low RSI and the position relative to moving averages.
Suggested entry point is at
$39.25, slightly above the last close to confirm momentum. Set a stop loss at
$37.50 to manage risk.
Targets are
$42.00, which aligns with a potential short-term resistance level, and
$45.00, which is a more ambitious target reflecting a recovery towards the 30-day MA.
Monitor for any changes in market sentiment that could impact this plan.
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