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Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Neutral |
P1 | 0 | 0 | 75.45 |
P2 | 92.40 | 92.97 | 84.15 |
P3 | 93.85 | 95.88 | 91.80 |
Long Term Trading Plans for DUK
November 19, 2020, 9:15 am ET
The Technical Summary and Trading Plans for DUK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DUK Report.
DUK - (Long) Support Plan
The technical summary data tells us to buy DUK near 84.15 with an upside target of 91.80. This data also tells us to set a stop loss @ 83.91 to protect against excessive loss in case the stock begins to move against the trade. 84.15 is the first level of support below 91.53 , and by rule, any test of support is a buy signal. In this case, support 84.15 is being tested, a buy signal would exist.
DUK - (Short) Resistance Plan
The technical summary data is suggesting a short of DUK as it gets near 91.80 with a downside target of 84.15. We should have a stop loss in place at 92.07 though. 91.80 is the first level of resistance above 91.53, and by rule, any test of resistance is a short signal. In this case, if resistance 91.80 is being tested, a short signal would exist.