Trust in the process. Why I'm going ape at Celsius🦍💰💰🚀

TA sharing. Why i'm going ape for Celsius. Although I'm at a loss. I believe that there will be a bounce back in the future.

There is an indication that MACD had just crossed and turn to convergence. Once it goes above. There is a chance it may go higher than this price. The likelihood that it will touch at the $70.20 mark based on the fibbonaci retractment.

RSI had just crossover indicating a possibility of a reversal to the up trend.

There is one indicator that is leading to bearish which is the Moving Average of 20 had broke the 250 MA line which have the possibility of moving further down.

Other indicators would be the unusual option activities with recent long call and short put initiated recently which also indicate a bullish sentiment.
Why i'm Bearish 🐻 :

1. Sales growth had slowed down. Market share is still growing but at a way slower rate.

2. Slow sales in the energy drinks sector. Majority of the energy drink industry including monster beverage is slowing down as the trend for energy drinks are lower.

1. Healthier energy drink.

It is a contradiction but is as we are moving to the health conscious we won't be drinking energy drinks. However with a healthier choice, probably will move there. I tasted one and is really good after a workout.

2. Celsius have room to grow

Not only in the US market. There are more avenue in both the Europe and Asian Region which had not been tapped into. What would the plus point be is the Tea extract which appeals to the Asian Market.

Admittedly tea drinker.

Verdict : Just HODL

Holding and hanging in there. There is a possibility that this company send out some good news in the next Quarter. We could see this company go higher than usual.

Wishing all the holder of Celsius a wonderful growth in this company.