So, interesting developments as the chart unfold.
Downtrend crossing up twice.
MACD convergence.
Clear reversal pattern established.
Goes into short term consolidation
Breakout top channel price up to resistance at 4.5
Might find new support at 4.12 and if so there i will buy more
Next wave should have strong momentum to breakout 4.5 resistance and test close to 5
In case the price will stay and established support around 4.30 it might head straight up to test the resistance at 5 in the next wave
NUAI presents strong and solid behavior under the strong market correction lately.
Low float, good and clever administration shows great responsibility for the the company, market value and their investors.
Next catalyst: Contract with a tenant announcement and hopefully one of the big companies.
Anyway in my opinion the scenarios are bullish in the short term and if the administration will keep navigating this company wisely as they do now the valuation in 2 years can be very high.
Best of luck in our trading journey!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.