NextEra Energy Inc (NEE) generates, transmits, distributes & sells electric power to retail & wholesale customers in North America. The company generates electricity through wind, solar, coal, nuclear & natural gas. It is based in Juno Beach, Florida, comes under Utility sector & trades as “NEE” ticker at NYSE. NEE made an all time high of $93.73 as impulse sequence as ((I)) & favors lower in ((II)) as double correction. It expects to remain sideways to lower & find the next support between $64.80 – $48.38 area before rally resumes.
NEE – Elliott Wave Weekly Latest View: 
In weekly impulse sequence higher, it placed (III) at $87.69 high & (IV) at $68.33 low. Above there, it finished (V) as diagonal at $93.73 high as ((I)) in December-2021. Below there, it favors pullback in double correction in ((II)). It placed (w) at $67.22 low in 3 swing pullbacks. In (w), it ended a at $69.79 low, b at $87.52 high & c at $67.22 low. It bounced off in (x), ended at $91.35 high. In (x) connector, it placed a at $81.49 high, b at $75.77 low & c at $91.35 high as 3 swing sequence. Below (x) high, it placed w of (y) at $69.81 low & x at $88.61 high. It favors lower in y of (y) in 3 swing sequence & expect to remain sideways to lower. It favors lower in ((C)) of y of (y), while bounce fail below ((B)) high of $79.78, which confirms below ((A)) low of $69.64 and extend towards $64.80 – $48.38 area to finish ((II)) correction. We like to buy from the blue box area for next sequence higher or at least 3 swing reaction higher. Alternatively, if it breaks above $79.78 high, it can either extend ((B)) leg before turning lower or can be x connector, while placed w at last low in (y) leg. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
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