Accumulate CEPU as it consolidates?
Updated
CEPU recently broke out from a range on good volume. Seems to now be testing the prior highs from above and is approaching a large accumulation volume profile node. CEPU has been trending higher on the daily and weekly charts. Energy is now starting to increase after having faced exhaustion on it's upward break out.
Outside of TA, CEPU has its debt to assets trending down for the last 3 years. Operating cashflow steady for the past couple years. It operates in the natural gas transport space which should factor in heavily as winter approaches and the Russian Ukraine war shows no signs of coming to an end.
Outside of TA, CEPU has its debt to assets trending down for the last 3 years. Operating cashflow steady for the past couple years. It operates in the natural gas transport space which should factor in heavily as winter approaches and the Russian Ukraine war shows no signs of coming to an end.
Note
This has played out nicely if you had accumulated at these level. Very little overhead resistance from here to until around 8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.