Trading idea for Electricite de France (EURUNEXT)
#EDF
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The inclined channel of the descending wave pattern is broken. The Stochastic Oscillator signals oversold conditions. A breakout of 11.73 will result in the formation of an ascending wave pattern.
Trading idea:
Buy on a breakout of 11.73.
Stop Loss: 11.09.
Target levels: 12.358; 13.518.
