E.ON: Correction done?
Looking at the chart I get a good feeling. Why? Energy is always a good investment. Let's see how are the indicators doing.
While the SAR already created on Monday a buy signal, all the other indicators told us to hold the fire. Two days later it looks interesting. PVI is nearly crossing the signal line from the south, MACD is about to cross the signal line as well, the +DI is going to cross the -DI line soon and the trend is with an ADX of 32 OK. Overall I think we are a little bit early but I am confident in the next two days we will see a confirmation. The SMA(4) is already crossing SMA(9) and I hope we will soon see a crossing of the SMA(18) line. I think the correction is over after round about 8%. The stock is ready to get purchased again.
But as always: just my 5 cents....
Looking at the chart I get a good feeling. Why? Energy is always a good investment. Let's see how are the indicators doing.
While the SAR already created on Monday a buy signal, all the other indicators told us to hold the fire. Two days later it looks interesting. PVI is nearly crossing the signal line from the south, MACD is about to cross the signal line as well, the +DI is going to cross the -DI line soon and the trend is with an ADX of 32 OK. Overall I think we are a little bit early but I am confident in the next two days we will see a confirmation. The SMA(4) is already crossing SMA(9) and I hope we will soon see a crossing of the SMA(18) line. I think the correction is over after round about 8%. The stock is ready to get purchased again.
But as always: just my 5 cents....
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