CFD Trading – Sell Duke Energy Corporation (DUK.NYS) @ $107.20. Stop @ $110.90 and Target @ $96.70.

Duke Energy Corporation Stock Code DUK.NYS

Outlook

Price managed to stay above the cloud during a price correction keeping the uptrend intact. In the previous trading session, price broke above a recent high, creating an Ichimoku reversal with a DUK price projection target at $96.70. Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish. If price is unable to move above $107.20, it could be heading towards the support at $110.90.

Strategy 

$107.20               Sell

$96.70                Price Target

$110.90              Risk Management Stop

3 weeks              Trade Duration

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

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

Outlook

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.

Strategy 

$101.60              Sell

$96.85                Price Target

$104.40              Risk Management Stop

2 weeks              Trade Duration