Jan. 18 at 12:49 AM
$CEG is feeling the post-merger blues as the
$300 floor gets put to the ultimate test. 📉☢️
The stock took a 9.8% haircut on Friday, slicing through the 50-day SMA like butter after the Calpine deal closed. While the "Big Tech Nuclear" narrative with Meta and Microsoft is a long-term beast, the short-term tape is screaming "Strong Sell" until the
$331 level is reclaimed. Watch for bottom-feeders to start sniffing around the
$298-
$303 zone for a potential Round 2.
Key Levels to Confirm:
🐂 Bulls: Must reclaim and hold
$316.84 (expected move floor) to stabilize and target a retest of the
$331.41 50-day SMA.
🐻 Bears: A clean close below
$300 opens the trap door for a deeper flush toward the
$288 RSI-30 support level.
#hovdid
