DUKE ENERGY CORP (DUK)
Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the breakouts section an ascending triangle continuation chart pattern opportunity, listed on the New York Stock Exchange.
DUKE ENERGY CORP (DUK)
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long ascending triangle with the horizontal boundary acting as strong resistance at 91.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 93.15 levels will confirm the breakout from the 8 month-long ascending triangle with the possible chart pattern price target of 100.25 levels.
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