EOAN or EO.N or Energy Long positionWe are currently in an uptrend with the 200 green ma line slooping up and the price beeing above it.
We hit a support that has previously been resisistance with multiple tops in the past.
From this support we have had positive uptrend bullish candles.
Now we set stoploss under the last bottom and go for a 1/1 ratio stoploss and take profit.
EOAN/N trade ideas
E.ON new bullish channelE.ON definitely found its new bullish upward trend-channel.
1. It's very narrow up until now, so it might be expanded above or below the existing channel and end up with abput the same width as the old bearish channel in the next months.
2. Red lines show support, green lines major resistance.
3. My pesonal price target is the upper green line at 9.72 by end of April. But that is a long way to go ... let's see.
E.On may build a base, set your alertsIchimoku setup is neutral, with some bullish bias in EWO and Heikin-Ashi indicators.
Earnings will be out two days from now.
As price is pretty close to Kumo and downtrend line, set your alerts and don't hesitate to enter long if it breaks out.
By the way, this stock has an excellent Dividend Yield, and they do serious steps to turn it more into a green energy company.
E.ON - possible trend reversal in the cards?EON is an electric utility company based in Germany, In the near term price appears to be bearish and headed for a re-test of the lows of March 2020 (lows are shown with the blue arrow). RSI on the daily is below 50, indicating that a bearish trend is intact. Price is in the lower part of the pitchfork, headed for the monthly horizontal support line (green). Keen to know what others think. Please leave a comment or link to your own ideas!
Ema support with gap close as buy opportunity Long idea $EOAN EO.N SE (XETR)
200ema as support / daily support range and gap close maybe its not the best spot but we give it a try for hold and thats why we are using only a small amount for this kind of trade!
1). Limit Buy: 9.805€
2). Limit Buy: 9.795€
3). Limit Buy: 9.670€
Average price: 9.735€
1). Take Profit: 10.445€ (+7.36%)
2). Take Profit: 10.71€ (+10.10%)
3). Take Profit: 12.09€ (+24.32%)
Stop Loss: 9.475€ (-2.68%)
4 Hour-Chart:
Monthly-Chart:
Thanks,
Disziplinierter_Trader