Darvas Box Breakout or Breakdown – $NLRThe VanEck Uranium and Nuclear ETF (NLR) is consolidating in a Darvas Box range between $107–122 while holding its broader rising channel. This zone is key for the next directional move:
A breakout above $122 would confirm bullish momentum, with upside potential toward the channel’s upper boundary around $135–145.
A breakdown below $107 would invalidate the current uptrend structure, exposing downside toward the next major support around $98–100.
Trade Plan:
Bullish Entry: Daily close above $122
Target: $135–145
Stop Loss: Below $118
Bearish Breakdown: Close below $107
Target: $98–100
Stop Loss: Above $112
This setup provides clear breakout and breakdown scenarios, making AMEX:NLR a key ETF to watch for trend continuation or reversal.
