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TravelingTrader412
Jun 2, 2021 12:59 AM

NEE Approaching Another Double Bottom with Bullish Divergance? Long

NextEra Energy, Inc.NYSE

Description

Read the chart.

Looks like NEE could hit a double bottom indicating a reversal and possibly an uptrend. We might see this push towards the $80 resistance line.

On the RSI their appears to be a weak bullish hidden divergence. I only say weak because it isnt that drastic of a "higher low" on the price chart or that big of a delta (difference in change) on the RSI.

But price the next few days could help guide us for an easy swing trade. from $71.50 to $80.

Me personally I buy longer expiration options somewhat deep in the money for stocks like this that have good fundamentals and outlook.
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