NYSE:NEE reports this week. We can see some relatively dramatic price movements after earnings releases over the past couple of years. NEE and NEP missed on revenue last quarter, but were within EPS estimates. There is an underlying concern for the fallout from their campaign donation violation and sustained higher rates are not good for their growth model....
Large Descending Triangle also noted and a Triple Bottom close to the .618.
Possible stop below neckline.
EL with break o the neckline and an uptrend.
T4 can be reached if diagonal resistance line is broken.
No recommendation.
$NEE broke out of an inverse head & shoulder pattern.
Downside is likely over for this, at least for now. Keep an eye on the next resistance levels to look for an exit.
73ish to 86ish is not a ton but it helps pay the bills.
We may also get 2 dividends if it holds until May'ish.
#utility
* This morning, OPEC announced they are cutting an additional 1.65 million barrels of oil production per day.
$NEE
I like what I’m seeing, A proper setup for a possible short term bullish move with strong volume. This looks set to test the Daily 200MA @ $80+ the highs from Jan 23’.
I’m not an investor- I won’t hesitate to sell a few minutes after entering any...
Spoken on $NEE before (not sure if on Tradingview)
The action is obvious
Been waiting for this to get closer to MAJOR SUPPORT
Bought nice chunk
2.6% dividend is not bad
Been channeling since Jan 21
#utility #stocks #stock #StocksToBuy
rising cycle 24.64% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Possible Bullish divergence noted.
Divergences are more reliable the longer they last, and this one is not but a few trading days in length.
Some would measure bullish divergences using the valleys and bearish by using the peaks of price action.
No recommendation.
Price is approaching the support line.
All triangles are neutral until broken.
Nextera Energy has created a long term range. This one to keep on the watchlist as it can create a great opportunity is price settles on the lower range offering a great risk to reward trade location.
What I like about the stock:
Earnings has been consistent
Nextera Energy has raised the dividend payment 10%
Media has boasted the company with positive...
Best one I’ve found so far for a short hedge is utilities
Using this one as a surrogate for XLU
Chart looks imbalanced if market comes down this should fall hard if not I can’t see it outperforming
GRI 2023
A complex pattern seems to be unfolding. Such a complex pattern is usually a symmetrical triangle pattern (see the insert).
Such a pattern is highlighted by the red A, B, C, D and E price paths on the chart itself.
The ideal entry range is close to wave E.
Stop-loss price is set around 68.
Target 1 price is set at 101.
Target 2 price is set at 120.
The PEAD projected a Neutral outlook for $NEE after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
The PEAD projected a Bullish outlook for $NEE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
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.
Possible M pattern following a Bearish Butterfly.
Earnings 10-19ish BMO but sites conflict on the date.
No recommendation.
Marubozu candle today/bearish/both ends shaven
