NU is reaching the end of the current formation with the price in the blue apex about to break out by the end of the month.
Likely we will visit $0.18 cents before we push higher. Once we pass the diagonal resistance we should be clear for higher levels. First target is around $0.21 cents then .25. Long term NU can get back to $0.35. A possible path is highlighted by the green arrow.
MACD has also crossed on the positive side, which is bullish, but momentum seems to be lacking. We need a bit more volume to confirm a breakout, likely to come once we move against the resistance.
Good to have this on your watch list.
Like and follow if you liked this idea.
Likely we will visit $0.18 cents before we push higher. Once we pass the diagonal resistance we should be clear for higher levels. First target is around $0.21 cents then .25. Long term NU can get back to $0.35. A possible path is highlighted by the green arrow.
MACD has also crossed on the positive side, which is bullish, but momentum seems to be lacking. We need a bit more volume to confirm a breakout, likely to come once we move against the resistance.
Good to have this on your watch list.
Like and follow if you liked this idea.
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