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...
Third test of lower border of upward trend.
GOING UP: next test of upper border downwards trend around 5.00.
GOING DOWN: will likely test support around 3.58. Next stop from there down well below 3.00
Let's see the next days ...
If it falls from here, it will test again at the mean line from the old trend at about 171.
If it goes up, it will test at the upper border around 192. Breaking resistance there makes 209 the next bigger test and potentially 217 possible.