CELH remains at strength, closing today at $59.31 with a substantial gain of +3.85% intraday. Its performance continue to lead the S&P 600 SmallCap 600 constituent as the market remains muted for the week. Additionally, CELH have attained a cumulative rally of +167.73% in 47 days market session since last highlighted, slipping away from the attention and the theme of the market over the past weeks.With average price volatility peaking at $4/day in conjunction with lowly traded volume over the past week, it will be plausible for
CELH to undergo a short term consolidation within a 10% price range in the next few session. $52 will be a critical price level to hold before any signs of weakness on this current bullish directional momentum sets in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.