CFD Trading – Buy DTE Energy Company (DTE.NYS) @ $124.50. Stop @ $120.20 and Target @ $135.50

DTE Energy Company Stock Code DTE.NYS

After reaching a high of  $135.60 on 17 November 2020, price has been on a decline. The decline has reached the upper edge of the cloud where it is finding support, keeping the uptrend intact. Price has also managed to stay above the uptrend channel. Lagging Span is just above price of 26 days ago and  above the cloud, confirming the bullish trend.  Both lines of MACD are below the zero line but the fast line is turning up and moving towards the slower line. If they meet we will have a bullish crossover hinting that the corrective decline is over and the uptrend is likely to resume.

$124.50              Buy
$135.50              Price Target
$120.20              Risk Management Stop
3 weeks              Trade Duration

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