CFD Trading – Sell DTE Energy Company (DTE.NYS) @ $112.00. Stop @ $116.60 and Target @ $102.00

 
DTE Energy Company Stock Code DTE.NYS

Outlook
Price broke below an uptrend line and is currently near to the lower edge of the cloud. A break of the uptrend line is a hint that the current uptrend could have ended. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is turning bearish at the moment. MACD has been warning with divergences of a possible price high before the bearish turn. If price were to drop below the cloud, we are expecting a price decline to $101.95.

Strategy                  
$112.00              Sell
$102.00              Price Target
$116.60              Risk Management Stop
3 weeks              Trade Duration

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