$CE Ready for Major Bullish Move as It Approaches Key SupportThe price is currently sitting at a strong support level which also coincides with the bottom of a historical bullish trendline . These confluences suggest a high probability of a reversal to the upside .
Additionally, volume has increased , signaling growing interest and potential momentum buildup in the stock. Notably, a doji candle formed on the January monthly chart , which typically indicates market indecision and potential reversal points.
The ATH (All-Time High) isn't far from the current chart structure, making this setup particularly attractive in terms of risk-reward. Based on a technical analysis, we are looking at a 1:27 risk-reward ratio to the ATH , making this trade highly favorable.
Given the combination of support, bullish trendline, volume increase, and the doji candle, I’m bullish on NYSE:CE in the medium to long term .
