๐ CEG (CEG) โ Brief Analysis
CEG shows bullish momentum after the price rose about 2.78% to the 273.7 level.
On the 1-hour chart, the price surged up to 302.5, indicating very strong buying pressure, although it then experienced rejection and returned to the 273โ274 area.
Currently, the price is still above MA10 272.0 and MA30 269.1, so the short-term structure remains relatively positive.
However, the price is slightly below MA5 275.9, indicating that the upward momentum is starting to cool after a sharp surge.
302.5 is the main resistance that needs to be broken to confirm the continuation of the bullish move.
Meanwhile, the 272โ269 area is the nearest support, while 261.6 is the next important support.
MACD is still in positive territory, but the volatility seen on the chart suggests the risk of a pullback remains high.
If the price can hold the 272โ269 area and break back above 278.2, the opportunity to retest 302.5 opens up.
On the other hand, losing support could send the price back to the previous consolidation area.
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