NU to put things in perspective fundamentally, the last time it traded at this price, its most recent EPS was 30+% below where it was in the current quarter that triggered the downgrade. the price target Citi gave is 10% below where the stock was trading when it was making 30% less money. record EPS & record REV in the most recent quarter = 26% drop in share price. it is what it is, but I think it's an overreaction, personally.
NU Just a small setback in my opinion, nothing to worry about. The 6% drop in the stock price was triggered by news regarding a potential tax increment proposed by the Brazilian government. Yes, NU dropped under the daily 200 SMA it is true, but still holding a raising lows line as shown in the figure. It might be a great entry point. If wrong, stop loss at $11.
NU Will hit a reversal in the coming trading days to overcome resistance price $11.87 to climb to price $12.13. Price is currently heading towards it's second support line which is at price $11.72. There's a possibility it will keep dipping till it reaches the support price and reverse. Prepare for a reversal next trading week.