RJonathan

E.ON new bullish channel

Long
XETR:EOAN   E.ON SE NA O.N
E.ON definitely found its new bullish upward trend-channel.
1. It's very narrow up until now, so it might be expanded above or below the existing channel and end up with abput the same width as the old bearish channel in the next months.
2. Red lines show support, green lines major resistance.
3. My pesonal price target is the upper green line at 9.72 by end of April. But that is a long way to go ... let's see.

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