CEG upside is conditional on a daily close above $300, which targets $391.50.
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Next up, guys, is the "CEG" stock. CEG's stock saw a strong boost yesterday after they released news of a $4.3 billion deal with Google to power their data centers . Therefore, this was a strong rise.
If you look closely here, we have a "bearing flag" pattern forming on the graphs. This descending flag has reversed and is now attacking its upper range , because the flagpole actually started here on September 8 with that downward movement and lateral consolidation.
So, this movement was essentially an attempt to abolish that declining science. This achievement has not been essentially accomplished yet, either. Good? To do that, we need a close above the high of this candle from September 8, which is $305.80.
We haven't even closed above that neckline yet. So, this is what I'm watching for as a first step to breaking this inverted head and shoulders pattern.
A daily close above $300 would activate the measured move for this pattern at $391.50. We may see good movement on the CEG chart.
Watchpoints
What this channel has said about $CEG
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