The #stockoftheday for 5/Apr was $EDP.LS #EDP, ⬇️ 2,4%. Mid-session 3.55 looked like a great place to short on breakdown of flag. However, look for retest of 21/Mar lows on 1D MACD divergences and break of downtrend #trading #euronext #PSI20 #stocks
EDP is a Portuguese Electricity Provider Company. Following some previous patterns of previous years I show here two of the possibilities I believe it will happen and how I will play them. Even though this weekend there were some news regarding China Three Georges increasing their share on EDP the market still shown a down trend. I am already on short position...
Completed years of cupping then a handle. Broke out and consolidated, and restated the breakout. Seems like open skies from here. Fundamentally, $EURO going down and Oil is going up, so higher highs seem inevitable.
EDP - Energias de Portugal is a Portuguese electric utilities company. before the pandemic, the price was in a sharp up-trend. Since the pandemic-related price lows (see blue arrow)the price has resumed its uptrend, and surpassed the pre-pandemic highs. Keen to know what others think. Please leave a comment or link to your own ideas! On the daily, the price has...
