Bullish potential detected for NUF (reversal of bear Darvas box)

Nov 16

Entry conditions:
(i) higher share price for NUF along with swing up of indicators such as DMI/RSI after the binary earnings event on 19th November,
(ii) $2.24 for aggressive entry / $2.27 for conservative entry.

Stop loss for the trade would be below the prior swing low of $2.04 from 10th November.

2 days ago

Trade active

UPDATE (week ending 21-Nov): Trade activated after earnings as per entry conditions, but this certainly was a wild ride on that trading day, that's for sure! Lots of wild intraday trading ranges and, as mentioned in the conversation of comments down below, I'm not personally a big fan of stocks that leap out of the gate too fast too quick (if they close lower you have the potential of 'dark cloud cover' formations which generally don't bode well). However, for those that had set limit orders, confined by the entry conditions, your current position would be sitting quite nicely at present (perhaps even having taken a small piece off a the prior resistance around $2.60/$2.61 from mid-late August). Consider taking a piece now otherwise and raising stops to breakeven (or slightly under the open of the earnings day, i.e.: $2.34) at the very least. Congratulations on a terrific trade!