$DUK energy sees new “Go” identified

$DUK energy sees new “Go” identified


July 2023


Alex Cole

$DUK energy has a new "Go" trend.

GoNoGo Trend has identified a "Go" trend with an aqua bar.  After hitting a low early June, we saw NoGo Countertrend Correction Icons (green triangles) that suggested price may struggle to lower in the "NoGo".  Since then, we have seen higher lows and price is challenging horizontal resistance looking to break through.  Concurrently, after price made its 6/1 low, GoNoGo Oscillator rose to test the zero line where it has struggled to show direction.  However, most recently, the oscillator has broken into positive territory confirming the new "Go" trend in price.  We will watch to see if price can make an attempt at a new higher high with momentum now on the side of the trend.