CELH Buy Setup - 1/27 Risk/Reward Opportunity at Strong Support

3 gen

CELH is offering another great buying opportunity after my stop-loss was triggered earlier (previous idea linked below). The price has returned to a strong support level, aligned with a bullish trendline that’s been guiding the stock upward. A small double bottom has formed, adding further confidence to the setup, alongside a bullish engulfing pattern and increased buying volume.

The setup offers a solid 1:27 risk-to-reward ratio, with the next target being the all-time high (ATH). If support holds, there’s significant upside potential ahead.

22 gen

Trade chiuso: stop raggiunto

Once again on CELH the stop loss was triggered. Will follow next weeks how the price will be moving.