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Master_of_Fine_Charts
Sep 8, 2022 1:06 PM

CNP Bullish  Long

CenterPoint Energy, Inc (Holding Co)NYSE

Description

Price closed above the (weekly) trend line in addition to breaking out of the rising wedge on the daily.

The close above 1 Fibonacci level and 32.67 (prior resistance) is a bullish signal, especially given the strength of the candle.

D+ crossed th D- indicator on the ADX and the MACD is also curling up for a MACD cross.

Force Index (13), (2) are both positive and OBV is confirming the recent price action.

2 x ATR stop at $31.42
Target: $35.80
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