Short term view - SCOTTISH & SOUTHERN ENERGY PLC : All-time-high
In our previous short term analysis (09/08/2016), we were positive.We remain positive with a target at 1633 p and an invalidation level at 1550 p.
The bullish trend unfolds.
Arguments :
- Prices made a new all-time-high, this confirms the strength of the trend.
- The...
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.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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