DTE Energy Company Stock Code DTE.NYS
Outlook
Price declined after reaching a high at $134.37 and broke a recent low at $127.03 again yesterday. The first time it broke below $127.03, the pullback was capped by the cloud resistance. This second break looked stronger. Price broke down with a larger than usual red candle and closed below the important support and neckline, triggering an Ichimoku V price projection target at $119.83. Fibonacci 50% correction point of the rally from $107.40 to high at $134.37 comes in at $120.73. MACD is bearish with both its lines below the zero line. MACD is also trending lower.
Strategy
$126.90 Short Sell
$120.00 Price Target
$129.90 Risk Management Stop
3 weeks Trade Duration
Goldman Sachs Group INC Stock Code GS.NYS
Outlook
Price moved above cloud two days ago and yesterday, it move further away from the cloud, confirming the bullish breakout. The bullish trend is confirmed by a bullish crossover between the Conversion and Base lines a few days earlier. MACD is bullish with both the indicator’s lines above the zero line. MACD is also turning up with its histograms increasing in size. Price could be heading to the higher to the previous resistance around $222. Going by an Ichimoku V price projection, price can go higher to $234.
Strategy
$217.00 Buy
$234.00 Price Target
$209.90 Risk Management Stop
3 weeks Trade Duration
