Will DUK drop towards $92, or rise towards $100-105?
|Today’s instrument is the Duke Energy Corp.‘s stock traded in NYSE exchange under the ticker DUK.
Looking at the DUK‘s chart, we can see that it was lastly traded at $98.90.
Today it is announcing its quarterly earnings, and if the market’s anticipation is positive, then we should see it rising towards its resistance level at around $100. Additionally, if it is able to pass it, then it could approach the next one at around $105.
On the other hand, it should drop to test its support level at around $96 and if it fails to stay afloat, then it could further drop towards the next one at around $92.
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