Posted On: 06/11/2015 1:40:30 PM
Post# of 679
Technical picture has turned decidedly negative for $CELH
On the daily chart, the stock has broken its 50-day moving average at $2.29 on heavy volume.
http://tinyurl.com/neoqbfd
Looking at a weekly chart, the MACD is rolling over and approaching a negative crossover.
http://tinyurl.com/o47683a
We are looking for the stock to continue its trend lower and approach the price at which it becomes more fairly valued. A price of around $1.75 would seem to be a possibility.
http://altitradepartners.blogspot.com/2015/05...-blog.html
On the daily chart, the stock has broken its 50-day moving average at $2.29 on heavy volume.
http://tinyurl.com/neoqbfd
Looking at a weekly chart, the MACD is rolling over and approaching a negative crossover.
http://tinyurl.com/o47683a
We are looking for the stock to continue its trend lower and approach the price at which it becomes more fairly valued. A price of around $1.75 would seem to be a possibility.
http://altitradepartners.blogspot.com/2015/05...-blog.html
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