Long
NUVEI accumulation
This one took quite a plunge after a short report at the end of last year.
Since then we have been in a trading range that started with a rather dramatic selling climax on Dec 8. Relative to the TTTK index, NUVEI did better since Dec 8.
On March 7 we had what I believe is a wyckoff last point of support followd by a test. If so, we would be in the sign of strength rally. I’m expecting a back up action to the high of the trading range. If it holds, price should go up quite a bit.
I opened a positions on March 15 and added to it twice. I’m now waiting for a successful back up action before to start adding again. A solid point of entry would be on a breakout bar that follows a pull back to 86.8 area.
My target is 160
Since then we have been in a trading range that started with a rather dramatic selling climax on Dec 8. Relative to the TTTK index, NUVEI did better since Dec 8.
On March 7 we had what I believe is a wyckoff last point of support followd by a test. If so, we would be in the sign of strength rally. I’m expecting a back up action to the high of the trading range. If it holds, price should go up quite a bit.
I opened a positions on March 15 and added to it twice. I’m now waiting for a successful back up action before to start adding again. A solid point of entry would be on a breakout bar that follows a pull back to 86.8 area.
My target is 160
Note
So far we are holding very good. I’m now waiting for either a clear break out or an obvious retest of the top of the TR. I dont feel the need to be aggressive here so I patiently wait for a no brainer extra low risk entry point.Note
Added shares at 95.21. Stop loss for these new shares is 91.29.Note
My last addition was sold today when the price dipped down. It licked at my stop loss right before to go back up. Frustrating. I still have a fairly good position so I’m hoping this was just a retest. I’m looking at the TTTK index to hopefully figure this out. This could be just a retest there too. Tomorrow will tell I guess.
This is my idea for the TTTK so far
Trade closed manually
I closed the trade this morning. I realisez I was taking unnecessary risks when I chose to stay in the position after each of these 2 reversal bars. It should have been a sell signal. I made profit but my money was stalled for 2 weeks as rhe price went sideways.I will keep following nuvei and will jump back in as soon Aas it show signs of strength again
Note
The 2 bars that should have been a sell signalNote
I forgot to update this week. I closed my position and went short at the close on April 21
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