CELH Bouncing

BY LICIA LESLIE 

April 24, 2024

Hi Shoppers,

 

Celsius Holding (TIcker: CELH) is bouncing off support here:

And Monday’s action created a doji candle indicating a change in this downtrend.

 

Yesterday the stock traded higher providing confirmation.

 

The stock can trade back up to the 50 day moving average at $78.69.

 

Looking at the options:

I like the 73/79 call vertical.

 

Use close below $70 as your stop loss.

 

Trade Review

 

I sure hope you nabbed those Cleanspark (Ticker: CLSK) calls! I called for the stock to trade to $20.86 and yesterday’s high was $21 and the calls are up over 100%.

 

CLSK is going to $23.60.

 

You’re missing out on the fun, come join us at Option Shopper!

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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