$NEE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NEE after a Positive under reaction following its earnings release placing the stock in drift A
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4NEE trade ideas
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.
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.
$NEE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NEE after a Positive over reaction following its earnings release placing the stock in drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.