Technical EDF analyzes |
|
|
development of the exchange rate of EDF  |
Friday 10/7/08
Enclose with 47,91 euros +1,89%In weekly magazine:
Share EDF evolves/moves in a channel bear means-length term since the beginning of the year 2008
The candle of the past week is quasi a shooting star, with higher slightly above weekly to 51,40 euros.
This was tested at the same time as the top of the channel bear, the salesmen then took again the hand on this resistant level.
As long as there will not be a weekly fence apart from this channel, the tendency medium term will remain depression.
One finds same resistance on the ( of the lower part), that means that the purchasers did not hustle themselves this week, the investors do not lean towards an exit by the top, low volumes of the week corroborates this impression.
Much negative sign in weekly magazine, one aims a support at 41,60 euros as long as #F66E90 resistance is not exceeded.
As a day laborer:
One finds as a day laborer a peak Wednesday and the test of #F66E90 resistance (channel bear medium term), that higher confirms one on the prices. It is nevertheless interesting to see that this peak is almost reached the peak precede, that gives us an indication on the tendency term short-means which would be rather neutral.
goes up, it will become an important support, there is thus a possibility of making purchases above with a #F56D8F support, to play the nearest break of the channel bear.
Ideas of :
Purchase on 45 euros to play the break of the 51,50 and to aim an objective at 58 euros, is a potential of 28%.
Invalidation under 43 euros, is a risk of 4,4% without the expenses.
Risk 4/5
Investors careful:
To wait until weekly goes up to buy from a point of view long term (3 to 5 years).
Not weekly pivot with 48,57 euros for the next week, bear as long as one remains in lower part with objectives with 45,20 and 42,50 euros. If the prices exceed 48,57 that will become bull with objectives with 51,27 and 54,64 euros.
Out of monthly magazine the point pivot is with 44,68 euros, that remains bull for November as long as one remains above.
The fall between highest of November 2007 and low of October 2008 is of 60%, it is almost the golden section which is of 61% and which is explained in the e-book “Purse-Trader”.
