NYSE:DUK
Here's a nice Cup & Handle Pattern that deserves to be considered for our operation.
Breakout at the resistance level, we will follow the trend if it is on our side, otherwise we will be thrown out and wait for more opportunities.
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...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
*SSB Grad Contribution*
Caution: Earnings will be on 2nd November. If there are no immediate trade opportunities for this one, just skip but do observe what price does after their earnings report.
Been watching Duke for a bit, looking like it starting to move up. The 200 SMA is still in the way but its rising, maybe a good entry on a strong close above it for longer term play.
