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.
Comment: Initial target reached on 03/06.
Comment: 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.
Comment: Gap close and final target reached on 23/06.


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