NU has been in a good trend since 2010/11 but it is prone to deeper than preferred pullbacks.
The measured move from the head and shoulders (on the weekly chart) is currently under way and has already seen price break through the figure 50.
On the daily chart price has easily cleared the 47.60 resistance and more recently a bullish flag has been confirmed (which also broke through the figure 50) on higher volume.
Although this presents a buy opportunity I will be waiting for earnings to be released later today before considering a position on NU just yet.
The measured move from the head and shoulders (on the weekly chart) is currently under way and has already seen price break through the figure 50.
On the daily chart price has easily cleared the 47.60 resistance and more recently a bullish flag has been confirmed (which also broke through the figure 50) on higher volume.
Although this presents a buy opportunity I will be waiting for earnings to be released later today before considering a position on NU just yet.