Short term view - RED ELECTRICA DE : The major support has been breached.
In our previous short term analysis (16/09/2016), we were neutral.We remain neutral.
We are waiting for a better opportunity to turn negative.
Arguments :
- The support has been breached.
- The major support has been breached.
Red Electrica is engaged in the transmission of electrical energy, the operation of the system and the management of the transmission network in the Spanish electricity system. In addition, through its subsidiaries, Co. is engaged in the acquisition, holding and management of foreign securities, co-ordination of international exchanges, provision of telecommunications services for third parties, provision of consultancy, engineering and construction services outside the Spanish electricity system, securing of funds, carrying out of financial transactions and provision of financial services.
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