Duke (DUK) Long on Entry

Long

Duke Energy Corporation (Holding Company) (NYSE:DUK)

Updated

NYSE:DUK Duke Energy Corporation (Holding Company)

Pivot Points

pivotpoints

DUK is playing around the entry point for a while, but is giving us a fairly good looking rising flag look.

Comment:

We were out of 1/2 at $90.31 after the reentry and out of another one lot at $90.88. You can reenter if you want but for me this would be my last attempt as it is the 3rd time it has touched the reentry point. I never try a 4th because it usually indicates weakness that it hasn't been able to reach the 100% target in that amount of tries. Still we're in risk free for now and if you feel like another attempt would be successful try it. I'll hold my single lot without reentry and just shoot for the 100% target.

Trade closed: target reached

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