Edison International : A resistance as obstacle
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$49.62 | $0 | $50.7 | +100% |
Graphically, the share is in a period of technical rebound that allowed it to reach the USD 50 mid-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rally from the USD 44.35 support area will be considered for upcoming sessions.
Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position close to the USD 50 resistance. The price target is set at USD 47.7 and a stop loss will be placed above USD 50.