lauralea

V Bottom Symmetrical Triangle

Long
NYSE:NEP   NextEra Energy Partners, LP
Has broken out of V bottom and topped prior high. Folks do not think of this one when they think of solar

Targets 2 are 103.5 to 115. Target 2 is usually long term so my focus is on targets 1. As a rule, target 2 is hit after a pullback and later on down the road.

NEP is overbought today on RSI daily set at 9/80 and 30. It is not overbought using these settings on weekly and monthly..not yet. Overbought conditions can go on for a while and it subjective. I do take note of it and keep an eye for a pull back when I see a security is overbought in any time frame.


NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. The company was founded in 2014 and is headquartered in Juno Beach, Florida.

Not a recommendation

Plans are a good thing to have. Planning when to buy and when to sell, where your stop will be. I write down where the idea came from prompting me to buy the security. At the end, I write down my proifit margin and what I can do to improve. I also write down the pattern I used to trade it and take a snap shot of the chart the day I bought it and the day I sold it.

Having a plan helps you keep your chips. It helps you learn from your mistake.
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