Short term view - ELECTRICITE DE FRANCE : The support has been reached, it causes the bounce.
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €11.700. The target is at €13.410Arguments :
- The support has been reached, it causes the bounce.
- The moving average is supporting prices.
- The trend is momentarily interrupted by a flag, but the rise will resume soon.
Electricite de France is an integrated energy company with a presence in a range of electricity-related businesses: nuclear, renewable and fossil-fuel fired energy production, transmission, distribution, marketing as well as energy management and efficiency services, along with energy trading. Co. is an integrated energy company engaged in all aspects of the energy business: generation, transmission, distribution, supply and trading of energies. Co. is an electricity operator in France and abroad. The breakdown used by Co. for its activities is as follows: France; United Kingdom; Italy; Other International; and Other activities.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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