Aug. 15 at 11:43 PM
$CNP | CenterPoint Energy | Utilities 💡
Macro momentum is shifting back upward as bulls defend the
$140.74 structural support floor! Clean double bottom bounce expanding off baseline moving averages 📊 CenterPoint Energy Midwest & Texas utility leader winding up for its next macro breakout leg 💡
$146.00 resistance line is the main trigger.
Technicals: 8h bullish reversal setup building directly above high-volume profile support. Holding
$140.74 keeps momentum locked for an upside squeeze toward upper supply.
🐂 Reclaiming
$146.00 =
$150.00 then
$155.84 in play. Defensive utility leaders coiling at baseline support can squeeze aggressively once volume expands 🚀
🐻 Losing
$136.30 =
$132.84 then
$125.00 retest next. Utility sector interest rate sensitivity carries downside risk if support breaks 📉
⚠️ Double Bottom Base. Volume Node Support.
$146.00 is the line 🎯
Stop Loss:
$138.20 🛑
Targets:
$150.00 /
$155.84 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid