The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
A clear signal has emerged for Duke Energy (DUK) on the daily chart. Price has moved to $129.78 (-0.48%) amidst recent volatility. Price action has carved out a classic Bullish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $134.13, targeting $153.35 with support near $128.38 (R:R 3.34).
What is your outlook on DUK?