NEE Round Top. Look Out Below (for now).

Short

NextEra Energy, Inc. (NYSE:NEE)

Updated

NYSE:NEE NextEra Energy, Inc.

Re-posting recent idea on NEE. Short-term troubles from round-top could put NEE in the $60s for a while ($55 support). Great long-term investment after that as we get back to the 40-year trend.

Comment:

Pretty good early indication that ~$55 is the new key resistance level to play off of.

I think we could go as low as $30 or $40 from here (draw parallel channel since 1974 on log scale and note we broke above this channel in 2017 -- we've now breaking back in and could re-test the lower part of the channel)

Comment:

Are we seeing a H&S from the last few months with $55 as the neckline...?

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