strong bullish structure forming on the weekly timeframe for CMS Energy Corp (CMS). This stock has been respecting a well-defined ascending channel since mid-2022, consistently bouncing from the lower trendline — as highlighted by the green arrows.
If CMS respects the trendline again and confirms a bounce, I'm targeting a multi-leg move toward the upper boundary of the channel. Tight stop loss below the lower trendline could offer great risk-reward ratio 🎯.
- ✅ Four confirmed touches on the lower trendline (2022, 2023, and multiple in 2024–2025) show strong buying interest on dips.
- 📉 Current pullback appears to be a healthy retest within the bullish channel — the label “RETEST FUTURE” marks the probable bounce area.
- 🧱 Horizontal resistance around $79.00 could turn into support after a clean breakout.
- 📊 Price projection path suggests higher highs toward the $100–$120 range by late 2026 if momentum continues.
If CMS respects the trendline again and confirms a bounce, I'm targeting a multi-leg move toward the upper boundary of the channel. Tight stop loss below the lower trendline could offer great risk-reward ratio 🎯.
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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.