The weekly Duke Energy chart shows that price is at the ATR, with the Stochastics oversold, and a potential bullish candlestick forming. With this formation a re-test of the previous high at 91.30 is expected.

Duke Energy Daily Chart

The Duke Energy daily chart also shows that the Stochastics is oversold. Additionally, a small double-bottom has occurred and the prior low was tested and rejected. This also indicates the market will likely go up. However, the retracement was strong enough to flip the ATR from blue to red. Therefore, traders should monitor both the ATR (red plus sign) and the red dot (congestion area) for potential rejection.

Duke Energy Daily Chart

Traders have the option of buying a stock or an option, in anticipation that Duke Energy will go up. However, monitoring for potential resistance is also important because the ATR may act as resistance.