Continuing 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
Feel good long term here - massive expansion on going.
Najah000
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What do you think about current level ?
jchemile
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@Najah000, I'll wait until the price go closer the the bottom. And after that pivot come back to the top. Testing again the zone. Remember that Nubank has negative net worth. That's something to keep in mind.