ENELUpdated ENEL Long Idea
Logic: close above yearly pivot, in confirmed uptrend & > 200D EMA.
Entry: €6.70
Stop: €6.20
Risk: -7.46%
Target: €7.70*
Gain: +14.93
Note: *initial target €7.27, possible gap close in €7.40-€7.80 area.
Entry: €6.70
Stop: €6.20
Risk: -7.46%
Target: €7.70*
Gain: +14.93
Note: *initial target €7.27, possible gap close in €7.40-€7.80 area.
Note
Initial target reached on 03/06.Note
Nice run with high at €7.65. Gap close €7.80 remains as target. Looking for possible pullback/consolidation in €7.20 support area which needs to hold otherwise puts upside thesis into question.
Note
Gap close and final target reached on 23/06.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.