We are seeing a text book setup of bearishness on NEE. Buying momentum has been decreasing, Willy oscillator indicating a sell, and while the weis wave also displaying a lack of buying volume showing a lack of interest towards the long side on NEE. We are seeing a Fibonacci cluster around 78-80 allowing for a safe exit on NEE puts.
Bearish Signals
-Squeeze indicator
-Willy Oscillator
-Weis Wave
Price Target
-78-80
Bearish Signals
-Squeeze indicator
-Willy Oscillator
-Weis Wave
Price Target
-78-80