NU
📉 A short-term uptrend line for Nu Holdings (NU) is breaking, signaling potential weakness despite some interpretations of a bullish pennant.
⚠️ Bearish divergence is noted on the weekly chart, suggesting upward momentum is fading, coupled with a failure to reach key resistance on the daily chart after a rebound attempt.
👎 The analysis concludes with a negative outlook, preferring the broader Brazil ETF (EWZ) over NU stock due to these technical concerns and lack of appeal.
@marcosemmimfp:
“How is Nu? I told you that Nu, I don’t like Nu. Why don’t I like Nu? Nu, I don’t like it because I have a short-term trend that is breaking, although some are seeing a kind of pennant here, or continuation, and it should continue rising more, but I don’t see it there because the problem is that you are breaking that support there. Let’s draw it, if you want to draw it a bit more, we draw it a bit more. You have divergence on the weekly chart, and you didn’t rise, or almost a kind of divergence. And on the daily chart, the same; you had a pattern of rise, of rebound, and you should have at least reached the resistance area to make an ABC, fill the gap, come here, and do this, and you didn’t even get there. You retested the moving average and went down. As it is, I would tell you no, let it pass. It’s not a stock that catches my attention, that’s why I’m more… I like EWZ more, I don’t like a complete stock.”
Watch the exact part of the video where @marcosemmimfp talks about Nu Holdings here:
Watch the video on YouTube
Read more articles analyzing Nu Holdings (NU) at the following link. NU stock.
