CELH stock reaches key support level with 20% upside potential

CELH stock has recently reached a key support zone between $25 and $28, following a 75% decline from its peak of $99.62. This support area could potentially trigger a short-term rally, with an upside potential of about 20% towards $35. Celsius (CELH) has seen strong growth in recent years, thanks to its health-focused energy drink brand. However, the company faces challenges, such as intense competition from Red Bull and Monster, supply chain disruptions, and concerns over profitability, which have contributed to its significant stock price decline