It appears $Nu Holdings Ltd.(NU)$ shareholders are dumping the stock with >60% YTD price decline in view of market being skeptical of NU business profitability despite great earnings report. Pure speculation or market sentiments at play? Thoughts?
$Nu Holdings Ltd.(NU)$ With 98.17M short interest, I would not be surprised upcoming earnings report in May will result in short squeeze pushing to potential target above $6. I would stillhowever maintain a "Hold" view and not adviseto enter at current risk off market
$Genius Group Limited(GNS)$ Found new support at 6.8 and confluence area between 6.6-6.8 has to hold before it will even consider closing above 7. With the fundamentals supporting triggering the price action, naked shorts are still rampant and showing it's strength working against the bulls even with good earnings report. Intraday and short term traders can consider taking some profit at this level while keeping a smaller long position π
$Genius Group Limited(GNS)$ Nice to have taken some profit at 7.60, looking to add more position at retracement levels. Looking good forintraday traders atm π
$Nu Holdings Ltd.(NU)$ It has been little volatility since the last earnings call. With next earnings call upcoming on 14 Feb, much of the current movement are driven by market noise and inflow in anticipation of a positive earnings report. Will we see further upside post earnings? IMHO, I believe we will at least see it attempting 5.8 level once again
$Nu Holdings Ltd.(NU)$ Retail traders often overlook the fact that stocks movement are not just about revenue and earnings of the company. During times like now, there are a lot of speculative trades, Fed & market sentiments, institutional trade influences, and relative fundamental triggered movement in tandem with key indices such as S&P, Dow and Nasdaq. Time frame of trade positions setup ultimately determine each trade profit or loss, regardless the different style of trading. Thoughts?
$Genius Group Limited(GNS)$ As a follow up of my earlier post, congrats to those who taken some profits around 6.6-6.8 level. Looking at the short volume, it clearly shows how the stocks are being overly traded/shorted over the last few trading sessions. Can GNS bulls have the volume to fight against the shorts despite having all the positive news and earnings report? IMHO, it is going to be a long fight, while it's good that it provides high volatility granting multiple trade opportunities for momentum or short term traders, downside is long term investors may take longer time to realise their target price level given the uncertainties and volatility. [Smug]
$Genius Group Limited(GNS)$ Awaiting short squeeze at 3.63 breaching which will have little to nil till next key resistance level. Bears watch out to let bulls take over! π
$Nu Holdings Ltd.(NU)$ interestingly enough, there seems to be a strong resistance for Nu toclose above 8.00 which it only managed to close in 2 sessions. Technically, Nu had broken and managed to close above 8.00 despite divergence goes to show it's strength, however unsustainable thus far. O'mighty Oracle @Sporeshare care to share your view looking up from 3.93? [Sly]