Canox HK - Turning CELH Stock Into A Profitable Position

For those prepared to shift gears, Celsius Holdings (CELH) had possibilities in both the long and short terms. Three weeks after CELH stock hit Leaderboard's watchlist, we added it to SwingTrader.
SHEUNG WAN, Hong Kong - July 6, 2023 - PRLog -- Both SwingTrader and Leaderboard want to assist traders in generating income. SwingTrader moves significantly more quickly, often holding stocks for just a few days or weeks, in contrast to Leaderboard, which works on a time scale of months and years. Naturally, the rules for various techniques vary.

Large Earnings Boost CELH Stock

The producer of calorie-burning workout beverages made Leaderboard's radar on May 10. Gapped up 10% the day before, posting +344% EPS for the first quarter. We kept an eye on it since a gap up on earnings might be erratic and carry too much risk for swing traders. The CELH stock was able to maintain its position; it never dropped below the low set on May 10 and found support at the 21-day line.

Leaderboard and I both added Celsius stock to SwingTrader on June 1. We entered the market early at 129.36 by using a trendline. Our first third, which we took the same day at 134.53 with a 4% profit, was able to be taken because of this early entrance. The next day, our next third was sold for 138.93 for a profit of about 8%.

Our last third was taken off on June 7 at 139.56 (6). We intended to give it more space, but the CELH stock declined for the second day in a row after falling 6% from its peak. We didn't want to let this winner escape since it was expected to close below the two-day low. We ended the deal with a profit of around 6.5% at an average exit price of 137.67.

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