NEE trade ideas
$NEE safe long, slow and steady renewable utility NEE
Next Era
Recently did a split, so cheaper to get in. 4% yield, great mix of growth and dividend, and is a utility so even if we double dip into recession utilities should stay strong in the years to come.
First target @86
Cup and HandleLong after Fall from Rising wedge complete. This is not a huge rising wedge so fall will possibly be brief as it has dipped out of the bottom trendline. RWs are not valid unless the bottom trendline is broken. This pattern needs at least 3 weeks to form but can be a long term pattern. RWs interrupt supply and demand (there is too much supply) There will be a lack of touches to the bottom trendline. Both trendlines slope up and converge towards each other. Strong stocks do not fall down far as a rule and some stocks actually break up and out of a RW although price usually shows weakness a few weeks afterwards.
Possible stop below handle low or mid cup which is 77.65. Mid cup is close to handle low which also provides support at 78.82. If the handle low goes below mid cup, many consider the pattern invalidated.
The handle low is a horizontal congestion zone (HRZ) but sometimes it is not discernable as others.
Not a recommendation
$NEE - could breakits inside the pennant right now.
Set you alerts, be patient. Wait for the trade to come to you
Cup and HandleNee pulled back to form a handle for the cup it has been forming..
Not a recommendation..
I do not think this stocks is involved in the outright war between big money and smaller folks regarding the market...but I am in the smaller folks corner!
Good luck to all! and always be safe!
NEE Options Plays 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 resistance shown, given the premiums and greeks add up
feel free to expand upon this idea or leave me some feedback, thanks and good luck
Incoming NEE BreakoutStrong supports and historical RSI bounces in the past year say that NEE will bounce once it breaks out of the short term downtrend.
Nextera Buy ZoneNEE has a lot of support at the $69 range, currently over valued. Should rocket up after holding support
Cup and Handle ABC BullishPossible 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 wait to go long at $72over 10% pullback from failed breakout could take it below oct&Nov low around $72.5. wait to enter long via LEAP OTM call if price goes below $72.5
Nextera Energy. Open after correction.Monthly
Upternd
Weekly
uptrend
Daily
False breadkout in uptrend.
I will wait for lower price.
Open 73,5
SL 67,5
TP1 80 RR 1.2
TP2 85 RR 2.22
Cup and HandleNee 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
NEE Uptrend on NEE. Good entry point? Earnings to be released inbetween.. in case of reporting above expectation, trend capable of breaking resistance.
