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 EMA and 135 EMA. Ascending wave structures are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator indicates overbought conditions.

Trading Idea:

Sell upon the formation of a descending wave structure, where wave (A) breaks below 118.14 (Pivot 2 of wave C).

Stop Loss: 119.40.

Target levels: 116.00; 114.00.