Albioma: good levels to enter long with the trend

Albioma is an independent energy producer, develops, builds and manages projects in the thermal biomass and solar sectors in France, Mauritius, Spain, Italy and Brazil. The company also produces renewable energy from steam and sells photovoltaic installation and panels to third parties. Its anaerobic agricultural activities are involved in the recovery of by-products from agriculture and agribusiness, such as fertilizer, pulp and plant by-products and waste. The company manages 10 thermal power plants with an installed capacity of 752 megawatts.

Considering the global energy craze that spans the globe and the increasingly stringent environmental standards that conventional power plants have to comply with, we think the company has a very good buying prospect. The levels are good for both short-term trading and long-term investment.

The price is currently in the middle of a short-term downtrend, and we expect the price to continue to adjust to more comfortable levels, which will give us the potential to enter with purchases. The levels at 22.62 are our first aggressive option, and if we want to be more conservative we can wait for a correction to the trend line for entry with a long debt trend.

Alternatively, if the price breaks the lower support diagonal, it will jeopardize the integrity of the uptrend and we can expect a fall to the zone at 21.29. In this scenario, we can already think about taking short positions.

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