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...
Long idea $EOAN EO.N SE (XETR)
200ema as support / daily support range and gap close maybe its not the best spot but we give it a try for hold and thats why we are using only a small amount for this kind of trade!
1). Limit Buy: 9.805€
2). Limit Buy: 9.795€
3). Limit Buy: 9.670€
Average price: 9.735€
1). Take Profit: 10.445€ (+7.36%)
Very good stock with long-term growth potential. Check latest news about EON, RWE you will find interesting things. Non-cyclical stock that has high potential for growth. Weekly TF price broke above bullish trendline, supported by high volume.
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dax Index incl. all shares)
Best regards :)