Celsius - Short-term bottom rebound

11 Okt

CELH is looking at a possible bottom rebound after strong volume supporting the break out of the downtrend line. We believe that the stock is eyeing 60.00 in the mid-term. Ichimoku shows two out of three bullish crossover and Stochastic has shown oversold crossover. Furthermore, the 23-period ROC shows a bullish divergence.