Nu has continued to creep lower since my previous spec.
It has struggled to get back above that .55 support (now a resistance) for several days, and seems to be holding precariously onto a soft .42 support - occasionally poking above .50
Failing to rebound enough from .42, there is another soft support around .33. If it does find itself near .55 again before dropping back to .40 - reversal possible.
If it doesn't reach .55 again, expect some deeper reds for those who bought above .55 and didn't set a stop-loss exit.
Otherwise. Long for those buying in now. Very long for those holding buys above .55.
Hopefully some newfound interest will kick in and help get Nu back into its previous position, but at its current momentum - this is going to kick downward still.
It has struggled to get back above that .55 support (now a resistance) for several days, and seems to be holding precariously onto a soft .42 support - occasionally poking above .50
Failing to rebound enough from .42, there is another soft support around .33. If it does find itself near .55 again before dropping back to .40 - reversal possible.
If it doesn't reach .55 again, expect some deeper reds for those who bought above .55 and didn't set a stop-loss exit.
Otherwise. Long for those buying in now. Very long for those holding buys above .55.
Hopefully some newfound interest will kick in and help get Nu back into its previous position, but at its current momentum - this is going to kick downward still.
Comment:
Just broke .42 support down to .40.
Comment:
Still diving towards the .33 support line that was determined through the descending triangle summary.
Hopefully doesn't go any lower than that, otherwise we're looking at a complete price reversal for the entire year.
Hopefully doesn't go any lower than that, otherwise we're looking at a complete price reversal for the entire year.
