This one took quite a plunge after a short report at the end of last year.
Since then we have been in a trading range that started with a rather dramatic selling climax on Dec 8. Relative to the TTTK index, NUVEI did better since Dec 8.
On March 7 we had what I believe is a wyckoff last point of support followd by a test. If so, we would be in the sign of strength rally. I’m expecting a back up action to the high of the trading range. If it holds, price should go up quite a bit.
I opened a positions on March 15 and added to it twice. I’m now waiting for a successful back up action before to start adding again. A solid point of entry would be on a breakout bar that follows a pull back to 86.8 area.
My target is 160
Since then we have been in a trading range that started with a rather dramatic selling climax on Dec 8. Relative to the TTTK index, NUVEI did better since Dec 8.
On March 7 we had what I believe is a wyckoff last point of support followd by a test. If so, we would be in the sign of strength rally. I’m expecting a back up action to the high of the trading range. If it holds, price should go up quite a bit.
I opened a positions on March 15 and added to it twice. I’m now waiting for a successful back up action before to start adding again. A solid point of entry would be on a breakout bar that follows a pull back to 86.8 area.
My target is 160
Comment:
So far we are holding very good. I’m now waiting for either a clear break out or an obvious retest of the top of the TR. I dont feel the need to be aggressive here so I patiently wait for a no brainer extra low risk entry point.
Comment:
Added shares at 95.21. Stop loss for these new shares is 91.29.
Comment:
My last addition was sold today when the price dipped down. It licked at my stop loss right before to go back up. Frustrating. I still have a fairly good position so I’m hoping this was just a retest.
I’m looking at the TTTK index to hopefully figure this out. This could be just a retest there too. Tomorrow will tell I guess.
This is my idea for the TTTK so far
I’m looking at the TTTK index to hopefully figure this out. This could be just a retest there too. Tomorrow will tell I guess.
This is my idea for the TTTK so far
Trade closed manually:
I closed the trade this morning. I realisez I was taking unnecessary risks when I chose to stay in the position after each of these 2 reversal bars. It should have been a sell signal. I made profit but my money was stalled for 2 weeks as rhe price went sideways.
I will keep following nuvei and will jump back in as soon Aas it show signs of strength again
I will keep following nuvei and will jump back in as soon Aas it show signs of strength again
Comment:
The 2 bars that should have been a sell signal
Comment:
I forgot to update this week. I closed my position and went short at the close on April 21