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Celsius Holdings Inc. ($CELH) has experienced a significant drop of around 30% in recent weeks, with selling pressure leading to new 52-week lows. The CEO mentioned factors contributing to the slowdown in the energy category, including consumer spending patterns and rising gas prices. Despite the challenges, some investors believe the stock may be showing signs of a potential rebound.
$CELH If you have the stomach to catch falling knives, then this name right here right now is showing a little life. Daily RSI at it's lowest since Jan 2022 when stock was $13. It subsequently bounced 55% in a month. Not suggesting name bounces 55%, but a DCB of 10-15%…
$CELH CEO on the slowdown in the energy category: "there seems to be a lot of factors from seeing a lot of the write-ups on weather and timing of resets and it could be also the spending patterns on consumers starting to feel the pinch on the gas pump & the rising costs"
$CELH Hitting new 52-week lows Now -37% from highs https://t.co/KMuefT2ekH