Hi, everyone!
I have just added $DUK (Duke Energy Corp) to my portfolio because I truly believe there is an opportunity on the energy sector this 2021.
$DUK is presenting their earnings on the 11th of FEB. However, the technical analysis with today rise. I believe it is an opportunity to buy with a long term vision.
You can follow me on Etoro: Dreguero
EMA50/EMA200 as support zone
Demand Zone (Rally based Rally)
Measuring Gap still open
Possible Wedge Bottom
Entry 88
stop 81
Target1 98
Target2 102
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
- Used 20 MA as support 2 times recently.
- Consolidating after gap up
- Higher lows since gap up
- RSI is still fairly high at 65.66 (not shown here)
Entry:
1.) If it shows the 20MA as resistance again, buy entry on dip.
2.) If it shows continued strength and breaks through resistance (~94.35) with strength
3.) If it breaks through the 20MA to the downside, buy...
It is stated that this company moved to its highest in a month after Bank of America upgrades shares to Buy from Neutral with an $85 price target, saying the utility looks poised for an inflection in earnings, with a more favorable regulatory backdrop in 2021 and positive revisions to integrated resource plan capital spending.
Getting more optimistic than ever...
Hello Traders!
Duke Energy Corp has been moving in a price corridor for almost 4 months now. The support at the bottom of the corridor is clear, but the resistance could be either at 91 or it is the 200 SMA. The 200 SMA will definitely be reached, given that the RSI is far away from being overbought, the recent crossing of the MACD over the 9 EMA, and the 50 SMA...
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)
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading...
1. Levels are working great
2. Weaker than the market
3. Globally uptrend locally downtrend
4. Distant test
5. Approaching with paranormal bar
6. has the energy
7. Point of the trend reversal
8. Potential more than 10 to 1
