Enel actions, technical levels to be monitored as of March 5, 2020

->It is in the was no exception to the negative trend of FTSEMib. The title of the electric giant left 1.15% on the ground at 8.145 euros.

Matteo Oddi of Exante reported that before the heavy correction suffered by the stock markets, following the epidemic due to the coronavirus, the shares of the electric giant had reached a new historical high at € 8.609 (+ 20% since the beginning of the year), and then slipped to € 7.385 in the session on Monday. Matteo Oddi highlighted that the Enel stock has so far managed to contain sales, by virtue of the solid technical structure and a high relative strength. “Although future developments related to coronavirus will weigh on this context,” added the expert. Matteo Oddi pointed out that the stock rebounded on the support at 7.55 euros, the last bulwark to avoid a short reversal on the title. “For those who already have Enel in their portfolio, it is desirable for now to maintain their purchasing positions, unless they attend weekly closings of less than € 7.5”, advised the expert.

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