A key Diamond has formed on CEG. Analyze the breakout level now.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Market participants tracking Constellation Energy should note the latest formation. Currently at $291.82, the asset is showing upward momentum (5.69%). The primary technical feature is a **Diamond** formation. This setup is supported by average volume turnover. A potential breakout level is identified at **$243.3**, targeting **$108.1** with support near **$310.9** (R:R 2.0).
What is your outlook on CEG?