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Peet_Serfontein

NEE: complex pattern, but upside potential likely

Long
NextEra Energy, Inc. (NYSE:NEE)  
Peet_Serfontein  
NYSE:NEE   NextEra Energy, Inc.
Trend Analysis Chart Patterns Wave Analysis Contains image
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trendanalysis chartpattern waveanalysis containsimage
A complex pattern seems to be unfolding. Such a complex pattern is usually a symmetrical triangle pattern (see the insert).
Such a pattern is highlighted by the red A, B, C, D and E price paths on the chart itself.
The ideal entry range is close to wave E.
Stop-loss price is set around 68.
Target 1 price is set at 101.
Target 2 price is set at 120.
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