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Trading Idea for Duke Energy Corporation (NYSE: DUK)

The trend is upward. The stock is trading within the range of the 365 and 135 EMAs. The descending truncated wave structure has completed with a breakout of the sloping channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading idea:

  • Buy upon the formation of an upward wave structure

  • Stop Loss: 123.58

  • Target levels: 127.20; 129.44

Author: GC

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