A simple up trend line I expect bullish rejection due to a double bottom pattern along the up trend line Daily timeframe
Duke Energy - 30d expiry - We look to Buy at 97.51 (stop at 94.38) Bespoke support is located at 97.30. Levels below 97.00 continue to attract buyers. The daily chart technicals suggests further downside before the uptrend returns. We look for a temporary move lower. We look to buy dips. Our profit targets will be 105.33 and 107.33 Resistance: 103.00 /...
Similar Double Bottom patterns allow for the time assumptions of the next bull run The first lasted for 7735 days If the second is anything like the last, we still have some more to go
Duke Energy Short Term -We look to buy at 105.90 (stop at 102.26) Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close...
Description DUK has been working this patter that looks a lot like a head and shoulders, missing some volume indications. If so, the neckline has been broken here at 97. As always, most patterns are not confirmed until they are already over. The break through 97 is the signal for the entry, and also the stop loss for the position. Using long puts to leave the...
DUK ENTRY = 78-81 (or above the .5 @ 82.96 if we do not get a dip prior) to the upward move) 1st Target = 618fib @ 87.88 2nd Target = 91 HODL Target = 786fib @ 95 (top of regression trend) ____________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading...
GOLD, MCD, AEP, CAG, CMS, D, DUK, ED, ES, NEM, NOC, PPL, SO
Watching $89.45 for control point support. If new support is set at $90.80 with any volume, that is a nice signal it is moving to into the blue zone of the retracement pattern.
DUK and XEL have a 84,3% correlation over 60 market days. Applying some of the most popular indicators on the pair DUK/XEL shows an interesting pattern. While XEL has been clearly outperforming DUK since several weeks, a trend reversal seems to occur. DUK might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top...