Dominion Energy Trading Analysis (08/11/2024)

The trend is upward. The stock trades in a range between 365 and 135 ЕМА. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.

Trading idea:

• Buy at the start of the formation of the upward wave structure, where wave A breaks the sloping channel of the descending truncated structure.
• Stop-loss below the local minimum of the descending structure.
• Price targets at 58.60 and 61.00.

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