$NUH updated for the weekly close, strong volume uptick on the w
Great swing move off support. Looking for some positive news and confirmed move higher will be the break of 5.9/6.0
NUH trade ideas
$NUH - bottom of a long messy base, but nice low vcpas you can see this thing has based and had some aborted breaks in the last year or so. Ive noticed a nice low cheat volume pattern entry setting up on a close above 44. Then we'll see if it can test some of the fib levels above.
$NUH study in motion. Contractions, decreasing volume, breakoutGreat setup, they don't always work. take out those 6s and we're into some thinner air. Not quite blue sky but a start.
$NUH - flagging. Looking for a move over 5.8 on volumeWould really like a few days of low volume. Still a few weak hands to shake.
$NUH nice base forming and volume signature. 5.1 & 5.4 key lvlsNice round bottom formng, my favourite pattern.
Coudln't quite breakout this arvo but the interest is there.
51 & 54 look like key levels to confirm a new uptrend.
$NUH bullish pennant breakoutTrading range compressed after the initial breakout move in 2020 and we have now had a breakout of the pennant zone.
Length of the flag pole to the top of the pennant is 0.05; giving a significant price target of 0.1.
Lots of news catalysts that support this breakout.
LONG ONEJustin Miller has got 2.54 m as debt,it seems like they are using the debt properly so far,but until 20 jan 2021 they have time to reach 0.070,if they do that the next three movement will be like what I have drawn! This company has two crucial numbers which everyone has to keep an eye on them: 0.070 and 0.100!
$NUH - punched up and through a ceiling - see where it closesNUH wants to kick on now that it's punched through 45 cents.
Cup and Handle and possible gap fill #NUHCup and Handle formation, awaiting a break out if bulls can regain control.
Long term resistance at $0.043, if it can break through, next resistance level is at $0.055.
RSI showing a bullish bias holding multiple retests on the 50.
Target Buy Price: $0.045 - just above resistance
Target Sell Price: $0.055 or $0.063 if it can break that second resistance level
Stop Loss: $0.040 - Enough room to allow a retest and possible fake out of that long term resistance
Relatively new to this! so happy to hear criticism/feedback.
NUH.ASX Short to medium term price forecastShare price value has been falling for a while and still no sign or a signal of some sort of reversal to the upside. However, Share prices closed at a critical price point at 0.090 support in the last trading session.
There are Four critical price points that I would like to point out for future references.
1. 0.090 - Prices need to break and hold above this point before we could see any attempts to break 0.100 and 0.106 resistance.
2. 0.087 - Failure to hold above 0.090 could see prices fall to this point
3. 0.081 - Failure to hold above 0.087 could see prices fall to this price point
4. Failure to hold at 0.081 could possibly see prices fall to around 0.076,0.070,0.066
You can follow the live price update during trading hours to see how prices react to the support and resistance marked on the chart.
