Trade Idea for Duke Energy Corporation (NYSE)
Duke Energy Corporation (NYSE)
#DUK
The trend is bearish. The stock is trading within the range of the 365 and 135 EMAs. Ascending wave structures are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.
Trading Idea:
Sell on the formation of a bearish wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.
Stop Loss: 119.65.
Target levels: 117.17; 114.00.
