Trading Idea for Duke Energy Corporation (NYSE)

Duke Energy Corporation (NYSE)
#DUK

The trend is upward. The stock is trading within the 365 and 135 EMA range. The descending wave structures are truncated. The internal truncated wave structure has completed with a breakout of the trend channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:
Buy upon the breakout of 123.40.

Stop Loss: 121.80
Target levels: 125.50; 129.44