Medium term view - A2A (ex: AEM) : Prices are evolving within an ascending channel.
The trend is still bullish, but it could slow down. Indicators display a bearish divergence. The next target is at €1.7400. The invalidation level is below €1.2700.Arguments :
- The support has been reached, it causes the bounce.
- The MACD displays a bearish divergence.
- The moving average is supporting prices.
- Prices are evolving within an ascending channel.
A2A is a multiutility company. Co. primarily operates in the following sectors: the production, sale and distribution of electricity; the sale and distribution of gas; the production, distribution and sale of heat through district heating networks; waste management (from collection and sweeping to disposal) and the construction and management of integrated waste disposal plants and systems, also making these available for other operators; and integrated water cycle management.
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