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NEP

NEE UpdateNYSE:NEE reports this week. We can see some relatively dramatic price movements after earnings releases over the past couple of years. NEE and NEP missed on revenue last quarter, but were within EPS estimates. There is an underlying concern for the fallout from their campaign donation violation and sustained higher rates are not good for their growth model. However, they operate in a growing region and continue to have conviction to continue their 4 year 9% earnings growth plan. 12 month price projections range from HKEX:82 -95, with an average of $89. Price is a bit lower in its upward channel and completed an inverse head and shoulders pattern earlier in the month. These have high probability of confirming reversal of a downtrend. I expect that we'll see a little resistance at the 200SMA before the uptrend sustains. On the daily chart you can see where I've planned to manage profits from my last entries in the $74-75 range.
NYSE:NEELong
by Ben_1148x2
NEP - decent short term opportunityPublishing an update to an unsuccessful projection with NYSE:NEP last month. It was sitting at the 200MA and it's most recent drawdown had triggered a fear signal. These are less common in the utilities sector, which made it look like a decent contrarian opportunity. Throughout the remainder of March we saw a rotation out of safety sectors like utilities and staples into growth sectors like tech and discretionary, and NEP fell another 13% (wicking below where I would normally place my stop loss). This is an interesting price point for NEP. It's at the center of its long term channel, with the lower band of the channel historically being tested during broad market drawdowns. Earnings are coming up this month and NEP has a history of slight increases after both earnings beats and misses. We see a recent lower low (not good) but bullish divergence between RSI and price (good). Additionally, when a major support level like the 200MA fails that level typically becomes overhead resistance, so any favorable opportunity here will likely be brief. While NEP and utilities may experience continued downtrend if the broader market continues to favor growth, an entry here with profit taking at the 200MA will represent a good opportunity to accumulate. I only follow this strategy for positions that I plan to hold for the long term. The next major support level below this is ~$52.50 NEE XLU
NLong
by Ben_1148x2
Short trade on NEPNextEra is a clean energy company with interests in wind and solar projects across North America. The stock showed a lot of strength for several months, but has now become a broken leader. NEP broke down below the previous breakout level (white dotted line on chart) and below its 200-day moving average. The short-term rally in the stock now gives a low-risk place to sell the stock short and bet on a continued move lower. the 50-day and 200-day moving averages, along with the previous resistance level near the $77 mark, should act as resistance. I'm working a stop at 77.80, just above the swing high.
NShort
by rossgivens
FLM (Flamingo) Token Analysis 28/03/2022Fundamental Analysis: Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO). Different components of the Flamingo network are planned to be launched in several phases: Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology and others: September 23, 2020 Swap and LP token staking: September 30, 2020 Phase 3 vault launch and stable coin issuance: October 28, 2020 Perp launch: November 25, 2020 DAO launch: December 23, 2020 Flamingo positions itself as a singular platform that combines multiple decentralized finance tools for Neo into a common ecosystem that will be governed by its users via a decentralized autonomous organization. Decentralized finance is a nascent, fast-growing trend in the cryptocurrency industry that encompasses various financial solutions that often operate on top of cryptocurrency blockchains. Working as a sort of second-layer industry, DeFi platforms are conceptually aligned with the idea of the cryptocurrency industry as a whole: eliminating third parties and singular points of failure from monetary and financial systems. Having emerged in early 2019, by mid-2020 the DeFi industry already boasted over $4 billion in locked collateral assets. Some of the main use cases in DeFi are cryptocurrency lending, yield farming and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is usually provided by a single separate platform. Flamingo’s unique advantage comes from the fact that it’s aiming to combine all the key financial instruments for the Neo cryptocurrency token (token wrapping, liquidity pooling, asset vault and contract trading) and make them available via a single platform that will be governed by its own users in a decentralized way. FLM is based on NEP-5, Neo’s token compatibility standard, so it is secured by Neo’s blockchain. In turn, Neo is secured by two hash functions: SHA-256 (the same one Bitcoin is secured by) and RIPEMD-160. The founder of Flamingo is Da Hongfei, a Chinese entrepreneur also known for co-founding one of the main competitors of Ethereum: the blockchain network Neo, which Flamingo is based on. Hongfei has also co-founded OnChain, a private blockchain services company. Da Hongfei has a degree in English and technology from the South China University of Technology and has worked as the CEO of the IntPass Consulting firm prior to teaching himself how to code and entering the blockchain scene in 2013-2014. FLM tokens are planned to be issued in several batches and distributed among the ecosystem’s participants based on their actual participation in the network. Flamingo’s team emphasizes the fact that no FLM tokens will be sold, minted or given to the platform’s team prior to its public launch. During the first week after the launch of the Flamingo Vault — the so-called “mint rush” period — 50 million FLM are to be distributed among staking pools. After the launch of Flamingo Swap (week 2-5), 40 million more FLM will be distributed to liquidity providers. During week 6-9, an additional 30 million FLM will be distributed among liquidity providers and FUSD minters. Finally, during week 10-13, another 30 million FLM are set to be distributed between liquidity providers, FUSD minters and Flamingo Perp traders. There is no upper limit on the total FLM supply: after the initial period of minting and the launch of the governing decentralized autonomous organization, the issuance of new FLM tokens and their distribution will be subject to the consensus of the ecosystem’s users. The current CoinMarketCap ranking is #464, with a live market cap of $75,280,646 USD. It has a circulating supply of 312,284,062 FLM coins and the max. supply is not available. Technical Analysis: The Token has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. There exist the Regular Bullish Divergence of Price Value from MACD , which is the very Significant sign of Bearish Trend Reversal eventually Start of the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 4 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points. The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. 4 TP has Confluences with its Initial lunching Price and can be counted a the very Possible Target though.
Long
by BitonGroup
NEP 1D 200EMA TRAILING STOP LOSSHow can I use Exponential Moving Averages (EMA) to trail your Stop Loss? The exponential moving average provides us with great areas of dynamic support and resistance levels. This information is especially useful for traders that are placing stop loss (SL) orders. Rather than using static levels for your stop loss, you can trail your SL above/below a relevant EMA. As an aside note, make sure you always use a buffer for your SL to account for the inevitable false breakouts. Here is an example:
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by Tradingstrategyguides
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