NextEra Energy (NEE) – Ascending Channel Near Key Resistance
NextEra Energy - 
NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50.
The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report, NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI boom.
However, the RSI is running hot, so it’s crucial to keep an eye on the bottom channel support line for signs of weakness. A break below could signal a retracement, but for now, the setup looks strong for continued upside.
Do you think NEE can sustain this momentum, or is it at risk of overheating?
NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50. The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report, NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI boom.
However, the RSI is running hot, so it’s crucial to keep an eye on the bottom channel support line for signs of weakness. A break below could signal a retracement, but for now, the setup looks strong for continued upside.
Do you think NEE can sustain this momentum, or is it at risk of overheating?
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