CELH looks vulnerable here after a series of lower highs. Let's see if it breaks that support.
Komen:
Nice bounce right at support, but today's candle is not ideal.
Komen:
Another lower high. This one will be really interesting to watch in the coming week
Komen:
There's the break of support. Next test will likely be the 200DMA at ~47.28.
Note - the way I'm looking to play this is out of the money calls on a dip. CELH has large short interest, so this can get squeezed in a hurry. Stay nimble if you are playing it short.
Note - the way I'm looking to play this is out of the money calls on a dip. CELH has large short interest, so this can get squeezed in a hurry. Stay nimble if you are playing it short.
Komen:
CELH is still hanging in there. Another nice bounce off support.
Komen:
The drama is killing me here. Really not a good day for CELH given the many stocks that rallied following the FOMC. I'm now more confident it will eventually break lower. Or, was that bounce of the 200 day on 12/12 just a bear trap? :)
Komen:
Was today's down day on good volume finally the break. I think it very well could be.