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EDP - Energias de Portugal - bullish continuation?

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SWB:EDP   EDP - ENERGIAS DE PORTUGAL S.A.
EDP - Energias de Portugal is a Portuguese electric utilities company. before the pandemic, the price was in a sharp up-trend. Since the pandemic-related price lows (see blue arrow)the price has resumed its uptrend, and surpassed the pre-pandemic highs. Keen to know what others think. Please leave a comment or link to your own ideas! On the daily, the price has touched the 0.382 retracement and bounced back up - this could suggest that the bullish trend is intact. However, the daily RIS < 50, indicating bearishness. Also, price is just below the lower trendline (blue line), and would need to return above the line to support a bullish trend thesis. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.

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