Short term view - ENDESA : The moving average is capping prices.
Prices were consolidating in a pattern. They broke below the lowest threshold of that pattern. The trend becomes bearish. The target is at €15.470. The invalidation is above€18.860.Arguments :
- The support has been breached.
- The major support has been breached.
- The moving average is capping prices.
- The rectangle has been triggered, the target has not been reached yet.
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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