Channel Support Holds + Trendline BreakConstellation Energy CorporationBATS:CEGWhaleTJPrice has been trading within a long-term ascending channel. After a pullback to the lower boundary, it found support and stabilized, forming a higher-low structure. The recent breakout above the descending trendline signals a shift from consolidation back to an upward trend. The current setup favors bullish continuation, with buy-on-dip opportunities on pullbacks. Fundamentally, this move is not just technical—it aligns with a broader macro narrative. The AI arms race is shifting from a “compute constraint” to a “power constraint.” Morgan Stanley estimates a ~55GW power shortfall for U.S. data centers between 2025 and 2028, with billions in projects already delayed or canceled due to grid limitations. Power infrastructure is becoming the key bottleneck. In the near term, HVDC and 800V architectures are accelerating deployment; in the medium term, localized generation (e.g., natural gas, SOFC) fills the gap; and over the long term, nuclear—especially SMRs—emerges as the ultimate solution. Against this backdrop, power assets are being re-rated. Companies like CEG, with stable generation capacity and nuclear exposure, stand to benefit directly from the “compute → power” demand shift. With both technical breakout and fundamental support, the uptrend likely has room to extend.