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.
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.