The Long Investor
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$NU
🕑 Added 2025-05-14 11:27:07 +0000 UTCER yesterday after the close and we were looking forward to this one because of the set up leading into the ER date.
Unfortunately they missed on EPS and the price is -2.5% in the PM.
That being said, very little has changed here on the chart but let's see how the price action moves today before making any rash decisions.
The confluence support level is holding above $12.
Staying above this important support level and the market can react positively and may believe the worst is behind $NU and the pull back since November factors in this missed EPS.
It is my understanding that $NU have about 120 million accounts in Brazil and Mexico and growing.
If this growth continues, the share price will look after itself.
A hold above $12 until the next earnings is still a positive outcome too.
I do not have a position here but I will watch it closely and consider a deep dive fundamental analysis here soon.
Comments
Chris H
NU coming back down to test the line at 12.3!
MJ
very nice
Chris H
Started a position here in the pre market
