The Long Investor
patreon
$CELH
🕑 Added 2025-02-19 12:02:33 +0000 UTCThe unexpected 2 days notice of their earnings announced last night is very interesting and typically out of character for a company to do this
Shorts have taken a gamble here and now look like they are caught, some are covering in the PM now with the price up +7% and there may be some volatility at the open too.
People may be considering a position here but I think the sensible approach is to wait for them to report on Thursday, if you are a $CELH fan, a small starter position is no concern but the bulk of your buys should be after the report.
The 50 Day MA is the clear resistance line here and has been for some time, so flipping this level to support at $26.55 is the low risk entry, so there is no rush here.
Comments
RAMESH REDDY
I entered last day and today it’s like crazy
Nick E
I expect for either a very positive or a very negative reason! I’m hoping the latter.
Jay
To catch shorts off guard or big announcement paired with earnings.
ok
One of the smarted decisions I made was waiting for price to interact with the 50 day in a favorable manner before adding. There was a time when I would have never even paid attention to such a thing. I saved myself from being ripped to shreds by that falling knife.
Sofiane
I wonder why a company would announce earnings with 2 days notice?
