Contact Energy - CEN Chart

[Beagle]

On the chart, CEN daily SP is basing now at a historical support, the 200MA and the 61.% FIB retrace from Covid-low to the insane spike-high recently. It is and remains in a severe short term down-trend. It's concerning that this and the other 'boring' energy shares have gone from steady SP rises and healthy returns over years - to incredible capital volatility.

Good warning chart mate. Gentailiers all put on a LOT of weight when interest rates were falling to unprecedented lows and much more when the madness of ESG hype took over all rational analysis. I expect the exact opposite to happen as the 10 year Govt stock rate increases. Definitely a sector to underweight in my opinion for the foreseeable future.