Bearish potential detected for NUFEntry conditions:
(i) lower share price for ASX:NUF along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $3.71 (from the open of 13th February) after closing below 50 day MA.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 18th February (i.e.: above $3.87),
(ii) above the resistance level from the open of 19th March (i.e.: above $3.95), which coincides well with the 200 day MA.
