With last week’s announcement of $CELH replacement of $CPRI into S&P SmallCap 600 constituent effectively on 7th January 2021, $CELH shares price was buoyed with a +13.26% pre market gap up on 31st December 2021. With this morning’s close at $49.54, $CELH have exhibited a cumulative rally of +121.29% since last highlighted, in a mere 41 days market session.
ATR-14 of $CELH continues to tread higher at $3.25/day currently, a further 30% increment in price volatility in 2 weeks. The last time $CELH witnessed such a price volatility was on 26th November 2007, some 13 years ago.
At the current junction, $48 will be a critical price level to hold before any signs of weakness on this current bullish directional momentum sets in.
