NRG 1H Swing Short Conservative CounterTrend TradeConservative CounterTrend Trade
+ short impulse
+ resisting bar level
+ 1/2 correction
+ resistance zone
+ volume Ut?
Bought put
Calculated affordable virtual stop
1 to 2 R/R take profit before 1/2 1D
Daily CounterTrend
"- long impulse
+ volumed T1
+ resistance zone
- strong approach
+ volumed 2Ut+"
Monthly CounterTrend
"- long impulse
- unvolumed T1
+ resistance zone
+ volumed manipulation bar
- volumed reaction bar looks for break
- volume distribution is long"
Yearly CounterTrend
"- long impulse
= neutral zone"
Trade ideas
NRG eyes on $93.xx: Double Fib could End Bounce or mark Bottom NRG about to test a tight confluence of Genesis + Covid fibs.
$ 93.37 - 93.45 is the zone that could be a serious hurdle to cross.
Break-n-Retest could mark a bottom but unlikely on first attempt.
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AI Electricity demand powering up #NRG to $253NRG Energy, Inc. (NYSE:NRG) is a prominent energy and home services provider operating across the United States and Canada. The company is strategically positioning itself as a significant player in the AI sector, driven by its production and distribution of electricity, which is crucial for meeting the energy demands of both businesses and consumers in the AI realm. Remarkably, North America has experienced a spike in electricity demand for the first time in almost forty years. Larry Coben, the CEO of NRG, highlighted that the trends in electrification, along with the expected rise of generative AI data centers, indicate a substantial increase in power requirements. He noted that these trends are paving the way for the company to reach its goal of achieving 15% to 20% growth in free cash flow.
Utility Breakout Alert: NRG Ready to RunThis is a longer term play
I've identified a high-probability setup that's happening right now in one of the market's strongest sectors. Tomorrow morning presents a compelling opportunity in NRG Energy (NRG), and here's why you need to pay attention:
📊 Technical Setup
Clean Cup and Handle pattern breakout
Massive volume confirmation (64% above 50-day average)
Clear buy point identified
💪 Group Strength (The Secret Sauce) Remember: 80% of winning stocks move in winning groups. The utilities sector is showing exceptional strength right now:
NYSE:VST : Fresh breakout last week (This is the group leader; Ideally you should have bought this one! last week)
NASDAQ:TLN : Forming similar pattern
NASDAQ:CEG : Bullish setup developing
This is an area of decision it seems to have distributed to new The price has stabilized, but there is no reversal candle. I am still looking to move up from here, but there isn't any indication that it will, or the bull candle wasn't enough to sustain buying. It will be interesting to see if we can capture another decisive indicator or catalyst, but until we do, it looks very bearish to me.
NRG Energy, Inc. (NRG) trade ideaNRG is nearing a critical resistance level, as the chart illustrates with a breakout from a long-term consolidation pattern. A move beyond the current zone could lead to an accelerated upward trend, particularly with rising volume. Keeping an eye on momentum and how the stock interacts with key moving averages will be vital for validating a potential breakout.
NRG BUY+++++Leave it to douchebag analysts to downgrade a stock after it's taken a large gap down and dropped precipitously on a merger buyout. Nonetheless, this is oversold here. We have 2 zones of near term support. View unchanged we should see over $40 in coming weeks, this is an opportunity to ADD. Add again in $32.45 ish and heavy around $30. New moon phase began which will be helpful to long positions.
Rare Weekly TriangleThis is a rare weekly chart triangle formation. If the break continues bullish it could run to $54 price target based on the height of the back leg. I'll look at some July - Sep OTM calls and see what the IV and Delta's look like. If this runs it will run for a while. I'll start in small and add if/when the trend builds.
Watching 5/10/22






















