1. CEG fell over 8% last Friday. Shares trade lower today. 2. CEG rallied at $280 support earlier. That support has now broken. 3. Sell pressure now exceeds buy orders. A further downtrend appears likely.
The $280 support break shows buyers have exited; historical patterns indicate that similar breakdowns often lead to further declines.
The notable 8% sell-off and failed support level signal a strong, immediate downside risk for CEG’s price movement.
Technical breakdowns trigger immediate sell-offs; past examples reveal swift downward moves after support fails.