223 still a key area if your talking short term and bearishThis is an area that has swung sideways a few times before the initial breakout and then a retrace and continuation for the short-term bearish.
CEG trade ideas
Trading JournalSee the notes in charts,
Bought initially, sold 1/2 for profit, let the other half run.
Unfortunately earnings were around the corner and did not realize.
Sold for a loss first candle at the gap down
Constellation about to see Stars! 45%+ UpsideChart #1/ 40: NASDAQ:CEG 🔋
-Need Bull Flag Breakout at $268
-Need H5 Indicator to flip to Green with breakout
-Volume Shelf Launch to ATH's
🎯 $289
📏 $388
⏳ Feb2025
NFA
$CEG is gearing up for a breakout. 45% Move InboundChart #1/ 40: NASDAQ:CEG 🔋
-Need Bull Flag Breakout at $268
-Need H5 Indicator to flip to Green with breakout
-Volume Shelf Launch to ATH's
🎯 $289
📏 $388
⏳ Feb2025
NFA
BASED ON THESE INDICATORS BACK TO 280It seems like very bullish territory as far as the price movement is concerned. Breaking into stair steps and flag pattern crossover, MACD is starting to use a tad more green in the histogram, and making another move up seems inevitable.
Hits the volume box does it decline and head back low 200sThe stochastic is the only bullish indicator for me right now. Other than that, it's hanging from a thread and needs a good catalyst. Earnings weren't, but they have been consistently running this past week. However, due to the positioning, we can use the high V box as the resistance mark unless it breaks and forms a new pattern.
CEG Long (Stop Limit)Asset Class: Stocks
Income Type: Daily
Symbol: CEG
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 237.90 (at the Breakout)
Stop: 223.79
TP 223.79 (3:1)
Trade idea:
A price pin into a daily Fair Value Gap , Buying the Stop as the price pullback and the SL at the last swing low. The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
-Split the TP to 3 orders at each TP
-when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free.
-After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Good Buying Opportunity into CEGThe news about today's huge drop doesn't seem warranted, given that CEG is not directly related to the Amazon-Talen deal. This provides a good buying opportunity for $NASDAQ:CEG.
With the rising demand for power driven by AI data center construction. CEG is one of the stocks that has been brought into the spotlight. They recently struck a deal of $NASDAQ:MSFT.
CEG eyes on $ 268 above, 251 below : at ATH, Dip or Break-n-Run?CEG has been a high flyer since IPO.
Now consolidating between two fibs.
Break of either should pop to next fib.
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CEG - Bullish
Chart Time Interval - 1 Hour
Why - Bullish Rectangle Pattern
Buy Above 270
Target Price - 297
Stop Loss - 261
Incredibly bullish to the high side of 200 on technical.The high side is 290 with another monthly candle, the same size as the previous one. Catalyst has put this into a new trend, which, compared to indicators, could fluctuate in the short term but could recover in the long term.
Constellation Energy to Restart Three Mile Island Nuclear PlantIn a bold move to address the growing energy demands of the tech sector, Constellation Energy (NASDAQ: NASDAQ:CEG ) announced plans to restart the Unit 1 reactor of the historic Three Mile Island nuclear plant. The power generated from this reactor will be sold to Microsoft under a groundbreaking 20-year agreement, marking a major development in the energy and technology industries.
Powering AI and Data Centers
Constellation’s decision to bring the reactor back online, expected in 2028, reflects the immense power needs of modern data centers—especially as artificial intelligence (AI) continues to grow. AI systems and data centers require vast amounts of electricity, and tech companies like Microsoft are seeking innovative ways to ensure their energy consumption aligns with carbon-free goals. By securing nuclear energy from Three Mile Island, Microsoft is taking a significant step toward decarbonizing its operations, part of its commitment to become carbon negative.
Bobby Hollis, Vice President of Energy at Microsoft, called the deal “a major milestone in Microsoft's efforts to help decarbonize the grid,” emphasizing how crucial clean energy is for the tech industry.
A Historic Rebirth of Nuclear Power
The Unit 1 reactor, which was shut down in 2019 due to economic challenges posed by cheaper natural gas and renewable energy sources, is being revived as part of a $1.6 billion investment by Constellation Energy. The announcement positions nuclear power as a critical player in the clean energy transition, especially as the tech industry’s energy consumption grows. Nuclear power is increasingly viewed as a reliable, carbon-free option that can meet 24/7 energy demands—something essential for operations like AI data centers.
Joe Dominguez, CEO of Constellation, stated, “This decision is the most powerful symbol of the rebirth of nuclear power as a clean and reliable energy resource.” He further highlighted that restarting the plant would allow nuclear energy to once again contribute to both technological and environmental advancements.
The facility will be renamed the Crane Clean Energy Center, in honor of Chris Crane, the late CEO of Constellation’s former parent company.
A New Era for Three Mile Island
This announcement marks the second time in U.S. history that a nuclear plant will be restarted after a previous shutdown. Constellation’s move has significant implications for the nuclear power industry, which has faced decades of challenges and plant closures. Three Mile Island itself is no stranger to history, as its Unit 2 reactor was the site of the worst nuclear accident in U.S. history in 1979. The Unit 2 reactor remains decommissioned and is not part of the restart plan.
Constellation will apply for a license extension to continue operating Unit 1 until at least 2054, with the approval process expected to be completed by 2027. The restart will only proceed if it receives clearance from the Nuclear Regulatory Commission (NRC) and approval from PJM Interconnection, the grid operator for the mid-Atlantic region.
Surging Demand for Nuclear Power in Tech
The demand for energy from tech companies like Microsoft is only expected to increase in the coming years, with some projections estimating that data centers will consume up to 8% of total U.S. electricity demand by 2030, compared to just 3% today. Nuclear energy, with its ability to provide consistent, carbon-free power, is quickly becoming a viable solution for these rising needs.
Microsoft is not alone in its pursuit of nuclear power for AI and data center operations. Amazon Web Services has also inked deals to power data centers with nuclear energy, and Oracle recently announced plans for a data center powered by small nuclear reactors. These moves are part of a broader trend in the tech industry to align growing energy needs with environmental commitments.
A Record Stock Surge
The market responded swiftly to Constellation’s announcement, sending the company’s stock soaring by 21%. This surge caps a stellar year for the energy provider, with its shares more than doubling in value year to date. Microsoft’s stock saw a slight dip following the announcement as part of a broader tech sector sell-off, but the long-term benefits of its clean energy deal are expected to bolster its carbon-negative ambitions.
The Future of Energy and Technology
Constellation’s partnership with Microsoft signals the future of energy and technology, where nuclear power, long sidelined by economic and environmental challenges, is stepping back into the spotlight as a key player in the transition to clean energy. As AI and data center demand continue to rise, tech companies will likely turn to nuclear energy to meet their needs in a sustainable way.
This deal represents not only a major leap for Constellation Energy (NASDAQ: NASDAQ:CEG ) but also a broader rebirth of nuclear power in the U.S., as it becomes an essential part of the energy mix for both industry and technology in the decades to come.
Target 204 for a reversal or above 200 before it breaks downIt is at a pivotal moment once again as resistance approaches, with indicators moving into overbought territory this looks certain for a swing and reversal.
Death cross on the Stochastics 170 and that's conservativeI like the way this has positioned itself and would like to see a follow-through as a death cross on stochastic at an all-time high of 93, with a head-and-shoulders pattern formed; I personally don't see a breakout but rather a decline.
CEG has broke out of the pennant and is ready to RISEEThe pennant after the price run has broken out and is ready to rise
Just not there yet, close in the shadeSix pivots on resistance to 3 on support, very nervy, especially with 100 turning over to go on the downside. That being said, indicators are ready to rise, except on the Bollinger, we may have some more downside. The crossover could prove vital at this stage.
200 very close to the next level of supportIt will continue to go down due to the room at RSI and stochastic, but it will have potential. One piece of the puzzle is the EMA 100, which seems to be creeping up to 200; it is currently at 195.
$CEG Breaking out? Likely CEG attempting to break out of wedge trendline. Looking at the last candle, it closes marginally higher with an engulfing candle and more importantly a lower volume than previous day. Boom!
ConstelayshThinking about CEG, Thinking it should break my line. Looks like its above the 20. Thinking we may or may not have something here...
indicators headed one way up 220This is a chart that has been following the rules of support and resistance. With the current state of affairs, there is room to run on the stochastic, and the RSI and MACD still have room to go. The SMAA 100 at 189, getting closer to 200, may retrace to that level once it is time for a reversal.
The Bullish Case for CEGThere's been and could still be good buying opportunities for CEG here as we see an uptrend occur. In addition, FV gaps are being respected as seen with the purple rectangle (Wicks have entered into the triangle but price then bounce up & out). I think we could continue to see a steady increase in CEG stock price
still bullish to test highIt seems like it will go higher or maybe retrace from the 233 region unless it goes higher than the last high before a correction is seen.
$CEG A nice break out after 1 month rangeSimilar play with NYSE:VST and NYSE:NRG
Looks like AI utility names are not going to stop.
