The utility’s stock E.ON (WKN: ENAG99) reached a cyclical multi-year low of EUR 7.28 in October 2022. The dynamic rally that started here pushed it up to EUR 12.29 seen in May and thus just below the multi-year high recorded in February 2022 (EUR 12.54). Since then, the share certificate has corrected the upward momentum. Based on the one quoted in October Correction low at EUR 10.43 the bulls came back again and pushed the value above all relevant moving levels Average linesthe corrective downward trend line and in yesterday’s trading finally about the horizontal hurdle in the form of the reaction highs of July and September and the downward gap of May 18th. A significant end of the day over the rising containment line at currently EUR 11.94 would confirm the bullish breakout and bring into focus next potential price targets and barriers at EUR 12.29, EUR 12.54-12.80, EUR 13.00 and EUR 13.44/13.50. Possible setbacks should ideally occur in the support area at the latest 11.49-11.66 EUR encounter interest in buying so as not to endanger the upswing. This would create downward risks towards initially EUR 11.25-11.29. The violation of the reaction low at EUR 11.09 would be seen as immediately bearish.