Tech Tracker | Constellation Energy Corp Shows Flag-Formation Breakout with 6.7% Potential Upside; IP Stock Forms Bullish Engulfing Candle
Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.
Here's a summary of the technical analysis for September 26:
1. Stock Name: Constellation Energy Corp ( $Constellation Energy Group Inc. CEG$ )
Constellation Energy Corporation produces carbon-free energy and sustainable solutions. The Company generates and distributes nuclear, hydro, wind, and solar energy solutions. Constellation Energy serves homes, institutional customers, public sectors, community aggregations, and businesses in the United States.
Entry: Buy above $112.20
Target: $117.10 (4.4%), $119.70 (6.7%)
Stop: $109.30 (-2.6%)
Shariah: Yes
Technical: Flag-formation breakout

2. Stock Name: International Paper Co ( $International Paper Company IP$ )
International Paper Company produces and distributes paper products. The Company offers uncoated printing and writing papers, pulp, and fiber-based packaging products. International Paper serves customers globally.
Entry: Buy above $34.80
Target: $36.00 (3.4%), $36.70 (5.5%)
Stop: $33.80 (-2.9%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Global (Malacca Securities)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
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Our technical analysis section is updated daily and features insights from our expert analyst, Loui, on the stock market. Traders may find some trading inspiration from Loui's views.
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