Continuation of an idea.
The company belongs to the "defensive" sector of utilities, which is resilient to a slowing economy.
With the Fed set to begin easing the MPC, I believe the backdrop will become more favorable.
tp1 61
tp2 69
Renewable energy investments are in high demand by many investors, but many of these companies aren't very profitable yet or are unattractive due to other fundamental issues. NextEra Energy and NextEra Energy Partners are outliers, however, as they are highly profitable while also providing a growing income stream for their owners. In this report, I'll show why I...
Ongoing sideways range is evident since 2021.
This is perfect for mean reversion traders who buy high and sell low within the range.
The previous trend was up, so we can anticipate the price will bounce up from here and break above eventually.
The American markets are also aiming up, so bullish bias is starting to lurk.
A beginning of a third leg in this flat formation. Early days, as nil confirmation yet, having said that the wave morphology is already highly suggestive of the early throes of an impulse. Volatility flipped not too long ago on the daily as well.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game....
Indeed. There is a harmonic reversal pattern potentially at play here. It is not shown, because I could not be bothered. Otherwise due for a quick pivot and drop on this one anyway, given the shown evidence.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in...
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NEE looks like a really interesting stock at the moment. Based on the quant signals it looks like its in need of a retracement before any meaningful upward move thereafter. The company appears to have a relatively strong balance sheet and provides a range of services within the renewable energy sector including power generation from wind, solar and natural gas....
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💡 NEE technically based idea, we can see price is bounce from bottom trend line, we can see double bottom pattern, technically...
NEE is leaving daily support level and retracing up. Price will test resistance zone and drop down. There will be a consolidation/retracement right below the support zone. Price will continue down and fill monthly wick. Price will move back up with retracements along the way.
Swing Long --> short --> Position Long
