A key Bearish Flag has formed on CEG. Analyze the breakout level now.
Bearish continuation if preceding move was down.
CEG is showing interesting structural developments at $274.06. Currently at $274.06, the asset is showing upward momentum (2.58%). Algorithmically, a Bearish Flag structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $240.51, targeting $152.73 with support near $282.77 (R:R 2.08).
What is your outlook on CEG?