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NEXT34 trade ideas

NextEra Energy looks like its in need of a retracementNEE 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. Could this be a stock to hold for the next 3-5 years? Thematically lets just say that renewable/clean energy continues to be a growing industry globally. What fascinates me it how cheap and readily accessible the technology should be in the next 10 years. Someone or a group of monopolistic companies will need to lead that drive. NEE looks like it could be one of those players. To be clear i think a short term retracement is on the cards based purely on the quant signals. Beyond that i think it could be a great company to hold in one's portfolio. For that reason my investment strategy is "Neutral" as it consider both the down and the upside over different time frames. Please like and follow. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
NYSE:NEE
by JesseMorgans
NEE Approaching Another Double Bottom with Bullish Divergance?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 RSI. But price the next few days could help guide us for an easy swing trade. from $71.50 to $80. Me personally I buy longer expiration options somewhat deep in the money for stocks like this that have good fundamentals and outlook.
NYSE:NEELong
by TravelingTrader412
Pull Back Fishing Inverse Head and ShouldersThis 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 conditions have not helped NEE. NEE also had a long leg up and eventually, the price is paid as a rule. Appears to be trading in a butterfly pattern and pulled back to the 1.272 of XA. Hopefully NEE is finished pulling back but I guess we never know. Shocked me for sure that this has pulled back as far as it did and is still struggling. Patterns are formed by market psychology, so folks have obviously been bearish on NEE )o: A rising wedge is caused by too much buying without healthy pull backs, so perhaps there was not enough folks left to pick NEE back up. Dunno. I know folks must tire of my talk about the rising wedge pattern, but they can be devastating. Earnings 4-27 BMO Not a recommendation Inverse head and shoulders patterns do well in a Bull market. Long entry is a break of the neckline and an uptrend. NEE has broken the neckline and experienced a throwback. NEE is now under the neckline again and obviously struggling. Strong stock though.
NYSE:NEE
by lauralea
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