DUK
Duke Energy to find buyers.Duke Energy - 30d expiry - We look to Buy at 97.51 (stop at 94.38)
Bespoke support is located at 97.30.
Levels below 97.00 continue to attract buyers.
The daily chart technicals suggests further downside before the uptrend returns.
We look for a temporary move lower.
We look to buy dips.
Our profit targets will be 105.33 and 107.33
Resistance: 103.00 / 106.43 / 110.00
Support: 98.46 / 97.30 / 95.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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 Setting UpDUK
ENTRY = 78-81 (or above the .5 @ 82.96 if we do not get a dip prior) to the upward move)
1st Target = 618fib @ 87.88
2nd Target = 91
HODL Target = 786fib @ 95 (top of regression trend)
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Pair Trading Idea DUK/XELDUK and XEL have a 84,3% correlation over 60 market days.
Applying some of the most popular indicators on the pair DUK/XEL shows an interesting pattern. While XEL has been clearly outperforming DUK since several weeks, a trend reversal seems to occur. DUK might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI .
The setup is worth being given a shot: Short XEL, Long DUK . The strategy is market-neutral and is profitable when DUK starts to outperform XEL.
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