CFD Trading – Buy Duke Energy Corp. (DUK.NYS) @ $114.40. Stop @ $109.90 and Target @ $121.40.

Duke Energy Corp Stock Code DUK.NYS

Outlook

Price broke above the cloud on 24 May and has been pushing higher in the past 4 trading days.  In the previous trading session, price broke above a V-shaped Ichimoku structure with a price target at $121.40. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish after a bullish crossover. We think price is likely to move higher to the Ichimoku V shaped price projection at $121.40 in the next 2-3 weeks.

Strategy 

$114.40              Buy

$121.40              Price Target

$109.90              Risk Management Stop

3 weeks              Trade Duration

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