NU Update 2022-02-24Nubank NYSE:NU remains in the channel plotted in the analysis of the day 2022-02-15. Despite the fact that in the middle we have the announcement of some purchases by NYSE:BRK.A , the earnings report and the Russian invasion to Ukrania.
We need to wait to see what happens in this new pivot and see the evolution of the volume, especially in the critic's moments: When the price is near the channels lines. Rhere are some uncertainties in this new stage. You can see this in the yellow line.
NU/N trade ideas
NU Overview 2022-02-17Today Nubank ( $NU ) broke the channel top line in 10.02. And closed above it in 10.09. It's a good signal because it means that this channel is broken, and we extend the baseline of the triangle, we can establish a target goal of +4.22 U$S. It means a gain of 42% Approx.
However, it's necessary to have a confirmation in the successive days. Besides that, it's essential to notice that in 22-February will come to the Earning review for the company. So, this event will affect in one or another direction the asset.
Today we have, maybe, a good signal: channel broken with a good volume. But, we need confirmation and take into account the caveat of the important event for the company: the earning review.
Therefore, despite the euphoric power of investors and similar to the overview signed in February 15. Its important to remains neutral in the observation of the tendency.
NU Overview 2022-02-18Continuing yesterday's overview about NYSE:NU Today we need to notice two important events.
1. Today we have the most volatile day in its history. Prices have a range of 2.08$ which means near 18% of intraday volatility
2. At the end of the day the security finish below the channel line (9.99). But Still persist the indecision pattern in the rectangle zone.
The short body of the candle means that exist indecision for the market but there is a bullish bias taking into account the two full body bars in the bullish days vs the little one in the short days.
it is still needed a confirmation to be sure about the target to found in: 14.21 said in the overview of: 2022-02-17
NU IDEA 2AFTER NUBANK REACHING TARGETS WE WAIT FOR THE NEXT PULLBACK
Adjust Stop
10.69
SUPPORTS 22/03/08
10.70
10.39
10.00
9.50
TARGETS 22/04/06
11.30
12.08
12.88
13.80
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 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 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.