Have been watching NEE for quite some time now as it has earnings coming up on 7/23', personally am bullish-
- Symmetrical triangle
- Bollinger Bands squeezing
- EMAs curling (not pictured)
- Spike in buyer volume EOD on Friday
- UOA- Unusual Options Activity (Bullish Sweep, January 2023' $100 strike)
PT1- $79.15
PT2- $80.25
PT3- $81.50+
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....
The PEAD projected a Bullish outlook for $NEE after a Positive under reaction following its earnings release placing the stock in drift A
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NextEra Energy shares have broken that key resistance trendline which indicates a breakout to the upside. I am a strong believer in clean energy this year! Good Luck!
$NEE nice action today re-took all SMA and close above the 50SMA a close above $75.85 will signal a higher move $78 target.
Playing this set up with a option call contract. Earnings 7/28
NYSE:NEE
Very nice trend line breakout with perfect MACD alignment.
Love the small retracement bar gathering energy before the next pop.
Buy entry above today's high of $73.60
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...
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...
