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Session 5 - Supply/Demand for $DUK - Selecting $SRE
🏰📚 In this fifth session we took a look at $DUK. We drew out the supply/demand and trend lines as we normally do and then examined how much of the historical chart needed to be drawn in.
Key points:
🔸monthly chart was very messy, not a lot of good demand areas.
🔸weekly chart has a weak uptrend that was recently broken which suggests a larger drop is coming.
🔸daily chart was showing some encouraging signs that things might be building up for a move.
🔸2H chart was also very messy and we only needed a certain amount of work done and we discuss the reasons for this.
🔸HOMEWORK was located at 15:50.
🔸afterwards we had a BONUS section were we looked at the sequence on the S&P500.
🔸 much more for you.
🔸 we decided on another chart to examine in our next class - $SRE
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