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1NEE trade ideas

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
NYSE:NEELong
by lauralea
2
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
NYSE:NEE
by Street_level_trader