Stock forecast /Electricité de France EDF.PA/ Our expectations
The price is in a rising trend, forming ever higher peaks and higher bottoms. Correction to basal diagonal and horizontal support levels, coinciding with 38.2% Fibonacci retracement. The price has formed a triangular formation that is pierced after a strong bullish bar, which at the same time absorbs a previous bar and breaks the short-term consolidation. 50 and 200 SMA are beaded - positive for the price. Dem (14) has rotated and pointed upward in an over-sales area.
Fundamental - The company focuses on the production and transmission of electricity. The company generates electricity through "green" energy sources such as photovoltaic power plants, wind turbines, biomass burning, biogas and nuclear power. The company succeeded in swallowing part of the New NP Capital company involved in the production of nuclear energy. This is already accumulating in price and given the rising demand for electricity and ever-tougher eco-standards, we expect the company to make big profits in the future.
Entry from current levels will be capped at SL at around €9.75.
Jr Trader Petar Milanov
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