4NEE trade ideas
$NEE with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $NEE after a negative under reaction following its earnings release placing the stock in Drift D
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OUCH!The fall from Rising wedge has been excruciating! NEE has invalidated the cup and handle pattern in the process. The wedge won )o:
Rising wedges can fall all the way to a parallel trendline drawn horizontally from the inside wedge trendline (see orange line) I did not think NEE would fall that far or I would have sold all of it verses half of it..lol. But I am hanging in there and waiting to buy my half back (o: Most strong stocks average a 35% fall, but I guess market conditions have not helped NEE.
If this stays put and this is truly support...this could be a BAT pattern. If it falls to 2nd blue line, it would then become an alternate bat. And if Mr Market doesnt give NEE a break, it could fall even further. No guarantees, just a possible place to watch for retests and some volatility that usually exists when these land.
The standard Bat pattern is defined by the B point that is less than a 0.618 retracement of the XA leg. This one is 0.5. Typically, this structures employs a 50 percent retracement at the midpoint. There is an alternate bat pattern (wouldn't you know) that could take this to the 1.13 fib level. The bat pattern starts with an impulse wave labeled XA. B is at the 0.5 retracemnt ideally.
Just watching and not a recommendation
NEE 🌦I never use indictors. Why? Alot of them are lagging indicators. I prefer to identify fractals and use them as signals for bull and bear strategies.
***This does not constitute financial advice.***
Renewable Energy Stock NEE is looking juicy for April!!Is yum yum style bound to occur? think for yourself!
Not investment advice 😊
It’s time for NEE to rise!!I think it’s going up. Do your own research on the stock, peep the chart.
Not investment advice.
Yum yum, even perhaps a meow meow style is imminent? medium/longDo research, check out the chart, think for yourself
great chart request from KB24so much support coming into play this ones a no brainer, thank you to KB24 for bringing it to my attention and telling everyone when he entered :D looking for 78-80 this week and ill unload the rest of the calls. New chart added to watchlist!
$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
