Medium term view - ENDESA : The moving average is supporting prices.
The trend is still bullish, the invalidation level is below €17.0879. The target is at €21.7393.Arguments :
- The major support has been shortly breached, but it is now reinstated. Prices can bounce.
- The moving average is supporting prices.
Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
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