CFD Trading – Sell Duke Energy Corp (DUK.NYS) @$101.60. Stop @ $104.40 and Target @ $96.85

Duke Energy Corp New Stock Code DUK.NYS


Price broke below and closed below the cloud yesterday and the trend has changed from bullish to bearish. A Three Black Crows candlestick price pattern adds to the bearish hints. Conversion and Base lines had a bearish crossover earlier, hinting of a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is turning bearish with the fast line already below the zero line and the slow line about to cross below the zero line. We think price is likely to move lower to the next support level at $96.85 in the next 2-3 weeks.


$101.60              Sell

$96.85                Price Target

$104.40              Risk Management Stop

2 weeks              Trade Duration

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