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...
Possible Stop under C..
ABC bullish patterns are a correction pattern and the target is D..D is not here yet though (o:
Targets are calculated using the AB leg of the pattern..
In a bullish market and a bullish stock, targets can extend to 100%, 127% 161% of the AB leg..
Previous cup and handle and so far the handle low (HL) has held as support
Not a recommendation
Nee split x 4
Seems stock dive a bit after a split.
Support at HL and at gap below price
Looks like tis one may range for abit..but who knows.
Not a recommendation
There 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...
