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.
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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)
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Are we seeing a H&S from the last few months with $55 as the neckline...?
@truthwell01 we’ve got a few more weeks of chop to play around. Right now it’s the broader market (and Fed reaction) driving most price action, so I don’t think much of the daily uptick yet
weyl_domi123
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wow, you were spot on here!
OptionsGenie
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Volume profile showing we are at the 2020H1 point of control. Bounce from it = solid place for stop loss (and 1D RSI-low sub 14). Below it = look out below