Energy transition policies are likely to be major fundamentals behind this investment opportunity. A 20 year frustrating bottoming process, reflecting un certainity, seems approaching a viability, nowadays. It could easily push the stock swiftly higher, testing some major longtime resistance/support while forming a typical trend reversal CUP&HANDLE pattern.
Closing the weekly gap could be a major triggering point for a major trend reversal while targeting a major resistance at 1.2£ area, at least.
For mainland Europe, Centrica might be an unfamiliar name. This energy giant, headquartered in the UK, on the back of climate change, undergoes a historical fundamental business model shift effort, while exiting energy...
Stock seems to form a frustrating bottoming pattern over recent weeks/months. If so, we could see a target at around 60$ when it comes to CUP&HANDLE pattern.
After a multi month decline, the pattern seems to flatten and even show signs of bottom or trend reversal, at least. Despite not perfect ones, one can probably see inverse H&S or CUP&HANDLE patterns, which might trigger rallies.
