CMS Lining Up for a Major Long-Term Breakout strong bullish structure forming on the weekly timeframe for CMS Energy Corp (CMS). This stock has been respecting a well-defined ascending channel since mid-2022, consistently bouncing from the lower trendline — as highlighted by the green arrows.
✅ Four confirmed touches on the lower trendline (2022, 2023, and multiple in 2024–2025) show strong buying interest on dips.
📉 Current pullback appears to be a healthy retest within the bullish channel — the label “RETEST FUTURE” marks the probable bounce area.
🧱 Horizontal resistance around $79.00 could turn into support after a clean breakout.
📊 Price projection path suggests higher highs toward the $100–$120 range by late 2026 if momentum continues.
If CMS respects the trendline again and confirms a bounce, I'm targeting a multi-leg move toward the upper boundary of the channel. Tight stop loss below the lower trendline could offer great risk-reward ratio 🎯.
