Waiting for $CELH to skyrocket

I like the way CELH is looking right now!!

After dipping on earnings report, where expectation were too high, the company is bouncing back.

IMO the selloff was due to a few factors coming together:

- Broader market selle off and repositioning,
- increase in 10 years treasury yield,
- inflation pressure

From a stock prospective, CELH had some issue with inventory management, in the sense that they could not bring enough products on shelves or stores. This was due, not for a problem with distribution, but the way that the company sells to stores. Because they do not keep inventories, after the demand surged, there were no product available..

On the plus side, I believe that if the company can fix this temporary problem, is well position for the future. I like CELH especially because is a mix of growth and re-opening stock.

From the technical side, MACD just turned positive and RSI is trading in the mid range. I will be waiting for volume to kick in before adding in a meaningful way.

However, for transparency, today I entered a small position of 1000 shares and look to increase in the weeks ahead on any pullback or on any positive news.

As usual, do your own DD

Happy hunting!