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NextEra Energy, Inc.

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Cup and HandleLong after Fall from Rising wedge complete. This is not a huge rising wedge so fall will possibly be brief as it has dipped out of the bottom trendline. RWs are not valid unless the bottom trendline is broken. This pattern needs at least 3 weeks to form but can be a long term pattern. RWs interrupt supply and demand (there is too much supply) There will be a lack of touches to the bottom trendline. Both trendlines slope up and converge towards each other. Strong stocks do not fall down far as a rule and some stocks actually break up and out of a RW although price usually shows weakness a few weeks afterwards. Possible stop below handle low or mid cup which is 77.65. Mid cup is close to handle low which also provides support at 78.82. If the handle low goes below mid cup, many consider the pattern invalidated. The handle low is a horizontal congestion zone (HRZ) but sometimes it is not discernable as others. Not a recommendation
NYSE:NEELong
by lauralea
2
NEE Options Plays With this chart, I have identified two possible options plays (both long OTM buys) based on the current trend and moving average positions, there a couple of indicators I found proving both an upside and downside theory so it's fair to say at this point the market must decide. The pink boxes are possible entry zones Id be comfortable with given the support and resistance shown, given the premiums and greeks add up feel free to expand upon this idea or leave me some feedback, thanks and good luck
NYSE:NEE
by Street_level_trader
Nee Split Cup & HandleThere was a rising wedge on the chart before NEE split. TOS is just showing a huge drop and has not adjusted chart to new price so difficult to chart today. I imagine the rising wedge went with it though Strong stock I have found that it is often a good idea for me to wait a few days after a stock split Seems they go down a bit after the split sometimes. Maybe due to more shares being available. I do not know for sure Can be volatile OBV and NV are both high I wilol post again when TOS updates NEE to new prices Not a recommendation Just an observation
NYSE:NEE
by lauralea
Cup and Handle Rising WedgeNEE pulled back from first rising wedge, then recovered to finds itself in another rising wedge. This one is very small and NEE is riding the bottom trendline of the RW The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. The upper resistance line and lower support line converge as the pattern matures. The advances from the reaction lows (lower support line) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase. Basically a RW is formed when there is too much buying without proper pull backs (Irrational exuberance) and the supply and demand gets out of whack. When the time comes, there are not enough buyers left. A RW takes at least 3 weeks to form but can be a very long term pattern. It is only valid if price breaks lower trendline of the RW. A strong stock does not fall far as a rule, but the average is 35%. On the other hand, a stock can fall quite a ways, example, HRC (see my chart on HRC) Beware of Gap under price at 291ish...but may be a good entry A momentum name and can be volatile Possible stop under handle low NV is very high Short interest increased today Not a recommendation
NYSE:NEE
by lauralea
5