NU Stock Analysis for Jan 31, 2025

Technical Analysis (TA) Summary
* Trend: NU is in a short-term uptrend with a rising channel as seen in the chart.
* Key Support Levels:
* $12.80: Strong support near recent price action.
* $12.39: Intermediate support in case of a pullback.
* $11.85: Critical support and potential stop-loss area.

* Key Resistance Levels:
* $13.55: Immediate resistance, aligning with the upper channel trendline.
* $14.00: Next potential breakout target.

* Indicators:
* MACD: Neutral momentum; awaiting cross signal for clarity.
* Stoch RSI: Overbought but still holding strength. Watch for cooling off.

Gamma Exposure (GEX) Insights

* Options Sentiment: GEX remains positive, with 34.3% of open interest leaning toward CALLs.
* Significant Walls:
* Call Wall: $14.00 - Bullish resistance; needs volume to push through.
* Put Wall: $11.50 - Strong downside protection level.

Trade Plan
1. Bullish Scenario:
* Entry: Around $13.00 on pullbacks with a tight stop below $12.80.
* Target 1: $13.55.
* Target 2: $14.00 (breakout potential).

2. Bearish Scenario:
* Entry: Below $12.39 (breakdown confirmation).
* Target 1: $11.85.
* Stop: Above $12.80.

Options Trade Suggestion
* Bullish Play: Buy $14 Calls (Feb expiry) if price sustains above $13.00 with volume.
* Bearish Play: Buy $12 Puts (Feb expiry) if price breaks below $12.39.

Directional Thoughts
* NU shows strong buying pressure at current levels, but overbought conditions could result in short-term consolidation. A break above $13.55 confirms bullish continuation toward $14. Monitor volume for follow-through.

Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Price levels may change; traders should adjust according to pre-market data. For questions or more details, please PM me.