Read the chart.
Looks like NEE could hit a double bottom indicating a reversal and possibly an uptrend. We might see this push towards the $80 resistance line.
On the RSI their appears to be a weak bullish hidden divergence. I only say weak because it isnt that drastic of a "higher low" on the price chart or that big of a delta (difference in change) on the...
The Daily SSB /Weekly Kijun is the inflexion level....78 zone. We are clearly rejecting that zone and that adds confluence to the bearish head and shoulders formation i am seeing:
The Daily SSB/Weekly Kijun is the inflexion level....78 zone. We are clearly rejecting that zone and that adds confluence to the bearish head and shoulders formation i am seeing:
The PEAD projected a Bullish outlook for $NEE after a Positive over reaction following its earnings release placing the stock in drift B
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Description: NEE is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
1. Ideal buy range: $78.3 - $80.6
2. Take profit: $91.92
3. Stop Loss: $176.37
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 96%
This is one I never thought would fall so far from the bearish rising wedge it traveled in from the bottom, but it fell the entire diameter. Like a symmetrical triangle, the break can be the entire length of the wide end of the wedge. I have found this much of a fall, to be unusual in a strong stock in this market in the past year or so. Possibly, market...