Constellation Energy $CEG leading the energy transition? Long

Constellation Energy CorporationNASDAQ

Description

⋅ Oct 21, 2022 11:33 AM

Constellation Energy provides power, natural gas, renewable energy, and energy management products and services. They are the largest producer of carbon-free and low-emissions energy in the US.

NASDAQ:CEG is in a clear uptrend with great relative strength against its benchmarks. Just look at AMEX:XLE and NASDAQ:QCLN.

NASDAQ:CEG is clearly leading.

I see an actionable first buy at yesterday's high as that would cancel the outside reversal. It would be very bullish.

A second buy point is at $90.20, which would be an ATH.

Lets see if the MAs can hold the price.

Comment

⋅ Oct 27, 2022 2:24 PM

Breakout above $90.20, I'll add to my position depending on the close

Trade closed: stop reached

⋅ Nov 8, 2022 4:25 PM