ELE - ENDESA - BUYING OPPORTUNITYDear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 17.5$.
15- 17$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
0.986 EUR
1.97 B EUR
21.87 B EUR
About Endesa S.A.
Sector
Industry
CEO
José Damián Bogas Gálvez
Website
Headquarters
Madrid
Founded
1944
ISIN
US29258N2062
FIGI
BBG00Y6T9XG6
Endesa SA engages in the generation, distribution, and sale of electricity. It is also involved in the natural gas sector and provides other energy-related services. It operates through the following segments: Generation and Commercialisation, Distribution, and Structure. The Generation and Commercialisation segment refers to the production of electricity from energy sources such as hydroelectric, nuclear, thermal, wind, and solar. The Distribution segment consists of distribution of electricity to consumption points. The Structure segment includes the balances and transactions of holding and financing companies. The company was founded on November 18, 1944 and is headquartered in Madrid, Spain.
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Endesa, S.A. (ELE.mc) bearish scenario:The technical figure Channel Up can be found in the Spanish company Endesa, S.A. (ELE.mc) at daily chart. Endesa, S.A. is a Spanish multinational electric utility company, the largest in the country. The firm, a majority-owned subsidiary of the Italian utility company Enel, has 10 million customers
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