By Licia Leslie
August 7, 2024
Hi Shoppers,
NextEra Energy (Ticker: NEE) has made a double top and has a doji on Friday:
I think this one can trade down to $74.17 where the 21 and the 50 day moving averages converge providing support.
It is after hours and the put markets are looking a bit sketchy:
This stock trades nine million shares a day on a regular basis, these markets should not be this wide.
I am thinking they will narrow in the morning and I will be looking to buy the 77/74 put vertical for next week.
Use a close over $78 for your stop loss.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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