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For today's chart we've chosen to take a look at CNP because it broke below the short-term support of its 15-day EMA. As you can see from the chart below, CNP has not closed below this moving average since late June. Traders would now expect to see CNP head lower until the bulls are able to respond by pushing the price back above the 15-day EMA.

We've also added the MACD indicator because it has recently crossed below its signal line (blue dotted line). This bearish crossover will likely be used by technical traders to confirm our expected short-term move lower.


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