On the weekly chart of ENIC, a broad expanding triangle formation transitioning into a base accumulation structure is visible. The price is now approaching a critical resistance zone around $3.90–$4.00, an area that previously triggered major reversals. Currently, the market is consolidating just below this resistance, forming a platform for a potential breakout and retest.
Technical structure:
- EMA 50, EMA 100, and EMA 200 are starting to converge, signaling the potential for a bullish crossover — a key indicator of mid-term trend reversal.
- The 0.618 Fibonacci retracement at $3.25 has been broken and price is stabilizing above it, reinforcing the bullish setup.
- Higher lows and higher highs have been established — a clear early sign of a new upward trend.
- Volume during the consolidation phase remains stable without signs of heavy distribution or capitulation.
Fundamental analysis of Enel Chile:
- Sector: Energy, Renewable Energy Transition
- Enel Chile is aggressively expanding into green energy, reducing its coal generation portfolio and investing heavily in solar and wind projects.
- Financials: The company maintains stable dividend payouts and holds a manageable debt-to-cash-flow ratio.
- Chile’s national energy policy shift towards renewable energy and international demand for clean energy solutions provide strong long-term tailwinds.
- Global trends favor companies with sustainable energy models, positioning Enel Chile strategically for growth.
Structural targets:
After a successful breakout above $3.90 and a retest confirmation, the next upside targets are:
- $4.61 (0.382 Fibonacci retracement)
- $5.45 (0.236 Fibonacci retracement)
- Extended channel and Fibonacci target: $6.81
Enel Chile (ENIC) is building a mature base structure for a long-term bullish reversal. A confirmed breakout above $3.90, combined with bullish EMA alignment, would unlock a strong upside scenario toward and beyond $6.00. Both technical formation and fundamentals strongly support this outlook. This is a structure you don't want to miss.
Technical structure:
- EMA 50, EMA 100, and EMA 200 are starting to converge, signaling the potential for a bullish crossover — a key indicator of mid-term trend reversal.
- The 0.618 Fibonacci retracement at $3.25 has been broken and price is stabilizing above it, reinforcing the bullish setup.
- Higher lows and higher highs have been established — a clear early sign of a new upward trend.
- Volume during the consolidation phase remains stable without signs of heavy distribution or capitulation.
Fundamental analysis of Enel Chile:
- Sector: Energy, Renewable Energy Transition
- Enel Chile is aggressively expanding into green energy, reducing its coal generation portfolio and investing heavily in solar and wind projects.
- Financials: The company maintains stable dividend payouts and holds a manageable debt-to-cash-flow ratio.
- Chile’s national energy policy shift towards renewable energy and international demand for clean energy solutions provide strong long-term tailwinds.
- Global trends favor companies with sustainable energy models, positioning Enel Chile strategically for growth.
Structural targets:
After a successful breakout above $3.90 and a retest confirmation, the next upside targets are:
- $4.61 (0.382 Fibonacci retracement)
- $5.45 (0.236 Fibonacci retracement)
- Extended channel and Fibonacci target: $6.81
Enel Chile (ENIC) is building a mature base structure for a long-term bullish reversal. A confirmed breakout above $3.90, combined with bullish EMA alignment, would unlock a strong upside scenario toward and beyond $6.00. Both technical formation and fundamentals strongly support this outlook. This is a structure you don't want to miss.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
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.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
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.