Short term view - SCOTTISH & SOUTHERN ENERGY PLC : A trend is momentarily interrupted by a pennant, but the rise wi...
The trend is still bullish, the invalidation level is below 140.00 p. The target is at 1,584.00 p.Arguments :
- The moving average is supporting prices.
- A trend is momentarily interrupted by a pennant, but the rise will resume soon.
SSE is engaged in producing, generating, distributing and supplying electricity and gas, as well as other energy-related services, across the U.K. and Ireland. Co. has three principal business areas: Wholesale, which uses turbines to convert energy from gas, oil, coal, water and wind to generate electricity, trading in wholesale energy markets, and managing energy contracts; Networks, which transmits and distributes electricity and gas to homes and workplaces; and Retail, which supplies electricity and gas and related services to households and organizations.
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