Trade Idea for Dominion Energy Inc. (NYSE)

Dominion Energy Inc. (NYSE)

#D

    The trend is bullish. The stock is trading within the range of the 365 and 135 EMAs. The truncated bearish wave structure has completed with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on a breakout above 63.20.

Stop Loss – 62.49.

Target levels – 64.54; 66.07.