From TradingView · · 40s
CNERGY Price Moves Toward Reversal Zone
CNERGY price approaches 11.20, 11.60 reversal zone with potential bullish reaction.
In brief
CNERGY price approaches 11.20, 11.60 reversal zone with potential bullish reaction. CNERGY’s price nears 11.20, 11.60 reversal zone where a bullish reaction could reverse the downward trend. Originally reported by TradingView.
CNERGY Bends Lower Toward Reversal Zone
CNERGY’s daily chart shows a corrective structure after a strong rally toward 15.50, 15.80.
Potential Reversal Area at 11.20, 11.60
Price has formed lower highs beneath the bending resistance with latest close at 12.41.
Bullish Reaction Required for Reversal
A slowdown in selling followed by positive engulfing candle could confirm upward movement.
The bottom line
CNERGY’s price nears 11.20, 11.60 reversal zone where a bullish reaction could reverse the downward trend.
