Hi friends the weekly chart of this market shows that it will experience a downtrend with a high probability in the coming days but also we must be vigilant of the change of direction please subscribe to receive new analyzes
CNP is getting tight and already have indicated some uptrend direction, Entry 190
CNP CenterPoint Energy, Inc. USA, Utilities - Regulated Gas Market Cap 9.22B EPS (ttm) -1.10 EPS this Y 81.30 % Forward P/E 13.43 EPS next Y 3.30% EPS past 5Y -1.20 % P/S 0.84 EPS next 5Y -4.52 % P/B 1.74 Dividend 3.31% Sales Q/Q -2.80 % Insider Own 0.30% Inst Own 86.70% Insider Trans -0.06% Inst Trans -1.52% Short Float 4.04% Earnings May 07/b Avg...
Centerpoint Energy stock reached my original PT of $27 and it has formed an Ascending Triangle, so for this reason i think the stock is ready to break out soon and i'm bumping my PT to $31-32 per share
Despite heavy trading centerpoint energy stock went from $30 to $25 since Late October but i think that's oversold and could have a bounce back to $27-28 soon as a re-test of that price level
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Hitting resistance will be looking to open puts tomorrow
If it won't recover the EMA's break by the end of the month, closing below it, it is possible the beginning of a bearish period, or at least of a congestion one before to start again the growth, due the positive outlook on future investments. Indicators have indicated a divergence in the long period. I would wait until the end of the month to take a position.
uptrend ... breakout ...buying