4NEE trade ideas
$NEE #Defensive #Utility #Trading #stocksThis is a good company in a very good sector that is undervalued. Value has trailed behind growth, and we have heard the song & dance on why for a long time. But consistently buying a company with a decent (certainly not bad) P/E ratio that is paying out $5.60/share from the retained earnings.
The most recent review of the stock was done by Morgan Stanley where it was downgraded from Overweight to Equal-Weight with a price target of $246/share. That was from April 14th, and keep in mind that was about a month into the COVID Crisis.
I think $NEE is a great buy if you want exposure to the utilities sector & I also think everyone should have exposure to this sector.
It is also only -2.81% from its ATH - with this breakout we most likely will test that ATH $ figure any day now.
ABC Symmetric TriangleEarnings coming up on 7-23 BMO and known to miss
I think most utility companies miss often, but to be on the safe side, I may sell this before earnings depending on what it is looking like
Short percent is low
This is just a stock I own and not a recommendation. I have been following a rule I saw on here..I try not to buy green but only red (down day) for the stock. I have owned this for a while and has been a bumpy ride!
NEXTERA ENERGY Projection to BUYHello traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. NEXTERA ENERGY has broken its solid support with a large candle following a continuity we can witness an increasing force.
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What I see...
+ Side way price movement within channel painting multiple NR7 and NR3 combos in the past few days
+ A relative strong performance today despite a down market, supported by above average vol.
+ Bullish Engulfing pattern
+ Managed to close above 10MA
- RSI @ 48 and moving sideway
- MACD is under and slightly in Bearish territory
- 10 and 50MA are under 200MA
What I setup...
+ Long entry above channel
- Stop at last week's low
+ Target at 0.618 Fib
:: Duration 2 to 7 days
NEE LongNEE is leaving daily support level and retracing up. Price will test resistance zone and drop down. There will be a consolidation/retracement right below the support zone. Price will continue down and fill monthly wick. Price will move back up with retracements along the way.
Swing Long --> short --> Position Long
NEEI would expect NEE to have some further downside to around the 180 mark. You could try and "front run" (buy it before it gets there) and be in the zone already. As you can see, once it broke the green line upwards, it sky rocketed. It is also in the Ichimoku cloud at the moment and "usually" goes from Edge to Edge. Lots of confluence there.
NEXTERA ENERGY INCNYSE:NEE
NEXTERA ENERGY INC painted us an interesting picture.
First, on February 18th the tool updated its historical high and stopped at 283.35. But the short player sold his position and the tool rolled back down, in addition to everything, the market situation has done its job.
It is obvious that the instrument follows the market.
Secondly, we can see that we are approaching the level at big bars but at the same time we have closed to the high and to the level.
For those who trade false breakouts - today will be a good deal.
If it manages to get above 283.35, I'm gonna take the long for some days