On the weekly chart of ENIC, a broad expanding triangle formation transitioning into a base accumulation structure is visible. The price is now approaching a critical resistance zone around $3.90–$4.00, an area that previously triggered major reversals. Currently, the market is consolidating just below this resistance, forming a platform for a potential breakout and retest.
Technical structure:
- EMA 50, EMA 100, and EMA 200 are starting to converge, signaling the potential for a bullish crossover — a key indicator of mid-term trend reversal.
- The 0.618 Fibonacci retracement at $3.25 has been broken and price is stabilizing above it, reinforcing the bullish setup.
- Higher lows and higher highs have been established — a clear early sign of a new upward trend.
- Volume during the consolidation phase remains stable without signs of heavy distribution or capitulation.
Fundamental analysis of Enel Chile:
- Sector: Energy, Renewable Energy Transition
- Enel Chile is aggressively expanding into green energy, reducing its coal generation portfolio and investing heavily in solar and wind projects.
- Financials: The company maintains stable dividend payouts and holds a manageable debt-to-cash-flow ratio.
- Chile’s national energy policy shift towards renewable energy and international demand for clean energy solutions provide strong long-term tailwinds.
- Global trends favor companies with sustainable energy models, positioning Enel Chile strategically for growth.
Structural targets:
After a successful breakout above $3.90 and a retest confirmation, the next upside targets are:
- $4.61 (0.382 Fibonacci retracement)
- $5.45 (0.236 Fibonacci retracement)
- Extended channel and Fibonacci target: $6.81
Enel Chile (ENIC) is building a mature base structure for a long-term bullish reversal. A confirmed breakout above $3.90, combined with bullish EMA alignment, would unlock a strong upside scenario toward and beyond $6.00. Both technical formation and fundamentals strongly support this outlook. This is a structure you don't want to miss.
Technical structure:
- EMA 50, EMA 100, and EMA 200 are starting to converge, signaling the potential for a bullish crossover — a key indicator of mid-term trend reversal.
- The 0.618 Fibonacci retracement at $3.25 has been broken and price is stabilizing above it, reinforcing the bullish setup.
- Higher lows and higher highs have been established — a clear early sign of a new upward trend.
- Volume during the consolidation phase remains stable without signs of heavy distribution or capitulation.
Fundamental analysis of Enel Chile:
- Sector: Energy, Renewable Energy Transition
- Enel Chile is aggressively expanding into green energy, reducing its coal generation portfolio and investing heavily in solar and wind projects.
- Financials: The company maintains stable dividend payouts and holds a manageable debt-to-cash-flow ratio.
- Chile’s national energy policy shift towards renewable energy and international demand for clean energy solutions provide strong long-term tailwinds.
- Global trends favor companies with sustainable energy models, positioning Enel Chile strategically for growth.
Structural targets:
After a successful breakout above $3.90 and a retest confirmation, the next upside targets are:
- $4.61 (0.382 Fibonacci retracement)
- $5.45 (0.236 Fibonacci retracement)
- Extended channel and Fibonacci target: $6.81
Enel Chile (ENIC) is building a mature base structure for a long-term bullish reversal. A confirmed breakout above $3.90, combined with bullish EMA alignment, would unlock a strong upside scenario toward and beyond $6.00. Both technical formation and fundamentals strongly support this outlook. This is a structure you don't want to miss.
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👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.