Pull Back FishingThis utility stock with a great yield has had a deep pull back.
Looks like an ugly top and price is well below the neckline.
Possible crab but price went past the 1.618.
No recommendation
DUKB34 trade ideas
$DUK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DUK after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
DUK up 100%+ (option price) before July 15thBefore July 15th, we could see an increase of at least 100% (OTM option price).
Using options so time is the only SL.
Strike: 115
Current Mark Price: 1.35
DUK - Bull Run Time AssumptionSimilar Double Bottom patterns allow for the time assumptions of the next bull run
The first lasted for 7735 days
If the second is anything like the last, we still have some more to go
DUK: Nat Gas going up,so does DukeDuke Energy
Short Term -We look to buy at 105.90 (stop at 102.26)
Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close to our bespoke support zone.
Our profit target will be 113.95 and 117.00
Resistance: 114.00 / 120.00 / 124.00
Support: 105.50 / 97.00 / 86.00
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DukIf DUK can break above 112 and hold support this could be a beautiful set up. We have a large trend channel that has a bullflag inside and so far price has came down and currently double bottoming on top of the bullflag support This would be a perfect confirmed backtest. If we want the front run it we could but we’d have to stop below 107. If we’re looking at the channel resistance line, it’s around $116 so we need to break that and not double top in those ranges but this is a perfect set up play in my view
$DUK with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DUK after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
Broad Market PlayLooking to align Duke fortunes to the broader market. We tested the daily kijun on Friday and that usually comes with a retreat. I am expecting this retreat today, caution however should be taken due to good earnings which I anticipate to have been priced in by the 3.5% gain from May 2.
Sell limit @ 111.91
TP 109.81
SL 112.66
R 2.8
Risk management crucial!
DukIf this can hold this 107 area here for a bit we might be looking at a backtest of a bull flag. Only bearish part is this longer term resistance has been tapped with a big rejection. Insinuating that could call a top and we need to resort to lower channel at 85.30. Which if we lost 107 the. The support back inside bull flag is 96$. With the macd sell on the weekly incoming this might give the bearish thesis I’ve had more of a conscerninf meaning. Just watch 107 if we fall into bull flag it’s pretty serious that it may have been a fake breakout and remain bearish
Looking for DUK to move lowerIf it can break support on this pretty disorganized triangle on hourly, could have a decent pull back after the last couple weeks steady gains.
$DUK with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DUK after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
DUK Weekly Options PlayDescription
DUK has been working this patter that looks a lot like a head and shoulders, missing some volume indications. If so, the neckline has been broken here at 97.
As always, most patterns are not confirmed until they are already over.
The break through 97 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 97
PT : 86
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
1/21/2022 95P
R/R & Breakevens vary on fill.
The January dated put is due to the limited amount of expiration dates to choose from.
Manage Risk
Only invest what you are willing to lose
$DUK with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DUK after a Negative over reaction following its earnings release placing the stock in drift C
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$DUK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DUK after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
DUK Long termHi, everyone!
I have just added $DUK (Duke Energy Corp) to my portfolio because I truly believe there is an opportunity on the energy sector this 2021.
$DUK is presenting their earnings on the 11th of FEB. However, the technical analysis with today rise. I believe it is an opportunity to buy with a long term vision.
You can follow me on Etoro: Dreguero
DUK LongEMA50/EMA200 as support zone
Demand Zone (Rally based Rally)
Measuring Gap still open
Possible Wedge Bottom
Entry 88
stop 81
Target1 98
Target2 102
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
DUK Consolidating After Gap Up- Used 20 MA as support 2 times recently.
- Consolidating after gap up
- Higher lows since gap up
- RSI is still fairly high at 65.66 (not shown here)
Entry:
1.) If it shows the 20MA as resistance again, buy entry on dip.
2.) If it shows continued strength and breaks through resistance (~94.35) with strength
3.) If it breaks through the 20MA to the downside, buy on dip with confirmation of change in trend
Exit:
1.) Set stop slightly below 20MA with some breathing room.
2.) Set stop below either opening price on breakthrough or prior resistance.
3.) Set slightly below dip low, going no lower than the horizontal resistance level of 90.70.
$DUK Good R/R trade In Duke Energy Potential long entry above $89.00
Upside target short term $95.00
stop loss below 200ma
A wise choice?It is stated that this company moved to its highest in a month after Bank of America upgrades shares to Buy from Neutral with an $85 price target, saying the utility looks poised for an inflection in earnings, with a more favorable regulatory backdrop in 2021 and positive revisions to integrated resource plan capital spending.
Getting more optimistic than ever here, is this a wise choice though?
