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SSE, an energy company, said it's agreed to sell its 50% share in energy-from-waste ventures Multifuel Energy Limited (MEL1) and Multifuel Energy 2 Limited (MEL2).
SSE, the energy company, said it's agreed to sell its 50% share in energy-from-waste ventures Multifuel Energy Limited (MEL1) and Multifuel Energy 2 Limited (MEL2) to an infrastructure fund managed by First Sentier Investors for a complete cash consideration of 995 million pounds.

From a technical point of view, the stock price has broken above a declining line in situ since Feb 2020. Prices are escaping from a consolidation channel. Bollinger are widening, indicating that a replacement up trend could happen . additionally , the daily Relative Strength Index (RSI, 14) has broken above its declining line . A recovery towards 1435.5p and 1520p could also be expected, as long as 1156p is support. Alternatively, an opportunity below 1156p would involve a reversal down trend with 1057 as first target.

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