Duke Energy Trading Analysis (14/11/2024)
The trend is upward. The stock trades in a range between 365 and 135 ЕМАs. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator. The support level at 110.20 is limiting the buyers.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure when wave A breaks the sloping channel of the truncated downward structure.
- Stop-loss at 110.20.
- Price targets at 115.75 and 120.80.
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