Traders are watching this Bullish Flag on NEE. Inspect the chart now.
Bullish continuation if preceding move was up.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Traders are watching NextEra Energy (NEE) as price action tightens. Currently at $93.15, the asset is showing upward momentum (0.32%). Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $94.44, targeting $111.87 with support near $90.57 (R:R 4.5).
What is your outlook on NEE?