NEXTERA ENERGY INCNYSE:NEE
NEXTERA ENERGY INC painted us an interesting picture.
First, on February 18th the tool updated its historical high and stopped at 283.35. But the short player sold his position and the tool rolled back down, in addition to everything, the market situation has done its job.
It is obvious that the instrument follows the market.
Secondly, we can see that we are approaching the level at big bars but at the same time we have closed to the high and to the level.
For those who trade false breakouts - today will be a good deal.
If it manages to get above 283.35, I'm gonna take the long for some days
Trade ideas
Bubble Watchlist: 7 Energy CompaniesI found a couple of price correlated energy stocks which look like they are in a massive uptrend (bubble), but the very recent direction is down. Therefore I recommend to watch these stocks the next weeks if they bottom very fast or decline further towards the supporting average trend direction of these rapidly growing price trajectories (and then maybe rally even higher). The stock with the largest uptrend so far is NextEra Energy, Inc. (NEE) which is colored on my chart in bright lime green.
These seven stocks are:
NEE - NextEra Energy
DTE - DTE Energy Co
WEC - WEC Energy Group Inc
XEL - Xcel Energy Inc
CMS - CMS Energy Corp
LNT - Alliant Energy Corp
CNP - CenterPoint Energy Inc
Related news:
- NextEra Energy Stock Closed Down, Govt Investigating for Manipulating Market
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