NU bank big rallyHello everyone, this is my plan about Nu stock, after downtrend for a month, its break and continue uptrend till 30 percent, i think the it will have a correction before going uptrend again
NU trade ideas
NU IDEANUBANK BROKE DOWNSTREAM ON THE DAILY CHART
Next targets
8.24
8.67
9.03
Adjust Stop
7.5
Just an analysis for study.
This review is not a purchase recommendation.
Always set STOP in order to limit losses.
Respect your strategy!!!
Risk Management: As always, we should use rational position sizing. This means that we should only invest an amount that is appropriate for an individual investor, given their portfolio size and risk tolerance. A rational position size is something each individual investor will need to determine. And remember, never go “all-in” on any investment.
NU Long Just Went Public Today Brazilian Bank Goes Digital - Company went Public Today Thursday, 12/9/2021
NU above 50 but earnings due todayNU has been in a good trend since 2010/11 but it is prone to deeper than preferred pullbacks.
The measured move from the head and shoulders (on the weekly chart) is currently under way and has already seen price break through the figure 50.
On the daily chart price has easily cleared the 47.60 resistance and more recently a bullish flag has been confirmed (which also broke through the figure 50) on higher volume.
Although this presents a buy opportunity I will be waiting for earnings to be released later today before considering a position on NU just yet.
