gamer456148

CEL: $5 Short + $10 Long Target

Short
NYSE:CEL   None
First off, don't take anything I say seriously or face value as always. That being said, let us get into my insights. Looking at the fibonacci retracement for Cellcom, I think it safe to put a short target of $5 within the next upcoming weeks or month. Also, a $10 long hold position seems reasonable. Given the demand increasing in the telecom space for 5G, an expected increase in service coverage and earnings may happen. The main thing to be critical of, is the need for Cellcom to keep up with the 5G race and build technologies beyond its 4G and LTE support. It would also be interesting to see what happens as they compete against things such as SpaceX's Skynet, which may be potentially more superior of a technology.

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