NextEra Energy (NEE) Should Bounce Towards $75.77

NextEra Energy, Inc., (NEE) through its subsidiaries generates, transmits, distributes & sells electric power to retail & wholesale customers in North America. The company generates electricity, through wind, solar, nuclear, natural gas & other clean energy. It comes under Utility sector & trades as “NEE” ticker at NYSE.

As shown in the last article, NEE ended ((W)) at $65.89 low & bouncing in ((X)) in 7 or 11 swings. It favors bounce in (Y) of ((X)), while dips remain above $67.53 low to extend towards $75.77 or higher levels.

NEE - Elliott Wave Latest Weekly View: 

In Weekly, it ended ((I)) sequence at $93.73 high in December-2021. Below, it ended ((II)) at $47.15 low in October-2023 as double three correction. Above ((II)) low, it ended I impulse at $86.10 high in September-2024. Within I, it placed ((1)) at $64.59 high, ((2)) at $53.95 low, ((3)) at $80.47 high, ((4)) at $68.97 low & finally ((5)) at $86.10 high. Below I high, it favors double three correction in II against October-2023 low before rally continues.

NEE - Elliott Wave Weekly View From 1.13.2025: 

It ended ((W)) at $65.89 low as expected from extreme areas discussed in last article. Within ((W)), it placed (W) at $72.69 low, (X) at $79.38 high & (Y) at $65.89 low. Currently, it favors bounce in ((X)) as proposed double three correction against September-2024 high. Within ((X)), it placed (W) at $74.05 high & proposed ended (X) at $67.53 low. Above there, it favors upside in (Y), which extend towards $75.77 - $80.85 area to finish ((X)) before it may turn lower in ((Y)) of II. (Y) will confirm above $74.05 high. If it breaks below $67.53 low, it can extend (X) before turning higher.

Source: https://elliottwave-forecast.c...