Celsius Holdings Inc. (CELH) has exhibited the cup pattern multiple times over the past few years, consistently completing this formation before moving higher. The stock has demonstrated a tendency to round out a bottom, regain strength, and break out to new highs, making this one of its most reliable technical patterns.
CELH’s Historical Cup Patterns
• CELH has formed and completed the cup pattern on several occasions, where the stock experiences a prolonged decline followed by a steady recovery that rounds out into a U-shape.
• This pattern has repeatedly resulted in a breakout to new highs, as seen in previous years, such as 2020, 2021, and 2023.
Current Formation & Potential for Its Biggest Cup Yet
• CELH appears to be halfway through another major cup formation, with price action suggesting the stock is building toward another potential breakout.
• The stock is recovering from a rounded bottom, setting up what could be its largest cup formation yet if it continues its upward momentum.
• If CELH completes this current cup and breaks above key resistance levels, it could signal another major rally, similar to past cycles.
CELH’s Historical Cup Patterns
• CELH has formed and completed the cup pattern on several occasions, where the stock experiences a prolonged decline followed by a steady recovery that rounds out into a U-shape.
• This pattern has repeatedly resulted in a breakout to new highs, as seen in previous years, such as 2020, 2021, and 2023.
Current Formation & Potential for Its Biggest Cup Yet
• CELH appears to be halfway through another major cup formation, with price action suggesting the stock is building toward another potential breakout.
• The stock is recovering from a rounded bottom, setting up what could be its largest cup formation yet if it continues its upward momentum.
• If CELH completes this current cup and breaks above key resistance levels, it could signal another major rally, similar to past cycles.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.