CNXU - Bulls Challenge Resistance!Conexeu Sciences, Inc.BATS:CNXUTheSignalystConexeu Sciences continues reporting progress across its regenerative-tissue platform, including recent preclinical, manufacturing, and regulatory-development activities.🧬 📌From a technical perspective, CNXU has remained overall bearish, trading within the falling wedge pattern marked in red. However, downside momentum appears to be weakening. While price continued forming lower lows, the MACD recorded two bullish divergence signals by forming higher lows. This divergence indicates that bearish momentum is losing strength and serves as an early alert that a potential bullish reversal may be developing.📈 📊Volume has also supported this observation. Trading activity increased around the recent lows while the divergences were forming, showing stronger market participation near the lower boundary of the wedge.👀 🎯 What’s Next? For bulls to take control and confirm a broader momentum shift, CNXU needs a decisive breakout and close above the highlighted blue structure around $11.50. Until that confirmation occurs, the falling wedge and the broader bearish structure remain active. If buyers successfully reclaim the blue resistance zone, the first bullish objective would be the current all-time high around $18.50. A confirmed break above that all-time high would move CNXU into price discovery, where no established historical resistance would remain above price.📈 📌From a fundamental perspective, investors will likely continue monitoring the company’s lead CXU™ wound-care program, its planned FDA 510(k) submission process, the completed preclinical P.R.O.O.F. study, and the ongoing development of its investigational B.R.E.A.S.T.™ bioregenerative matrix platform.🔬 In brief, CNXU remains technically bearish below the $11.50 structure. However, the falling wedge, bullish MACD divergences, and increased volume near the recent lows suggest that selling momentum may be weakening. A confirmed breakout above resistance is still required before bulls can claim control.✅ ⚠️Disclaimer: This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy or sell any security. Technical and fundamental conditions can change, and no outcome is guaranteed. Always conduct your own research and manage risk appropriately. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr