2Wk·

Nu Bank buy

Today I expanded my portfolio by 10k at $NU (-0.74%) today. Exciting company and I find South America very exciting in principle (and relatively underrepresented). I am happy to take today's movement due to a downgrade :)

What do you think of the share at the moment?


Vg Micha :)

02.06
Nu Holdings logo
Bought x566 at €9.98
€5,648.68
20
12 Comments

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I have also topped up again ✅
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I also bought more today.
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I bought more as well
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It looks to me as if it will continue to go down for the time being. What makes you optimistic?
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@Keineui How do you determine that?
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@jkb92 on the chart YTD. It looks horrible. But hey, I'm not a chart technician. Hence the question, what makes you so optimistic?
For example Daiichi, the chart looks like crap there too, but I just believe in the story with the meds until 2030, so I'm not itching
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@Keineui I like the fundamentals very much. And as I said, South America is also not very well covered by ETFs. I don't actually look at charts very much, I tend to follow fundamentals.
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@Keineui I'm not a professional chart technician either. However, the share has formed a slightly lower low than the last one and the RSI has formed a higher low (in the daily). Weekly could be similar. There is a lot of volume in the current range. At best, I could imagine that the 200-week line will be approached. I think it's not too far away at around 10.50$.
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@jkb92 I also saw the bullish divergence in the RSI and opened a position today. Fundamentally this also fits, it should work.
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Today, the Board of Directors approved a share buyback program.
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Also purchased
The departure of the CFO is somewhat surprising, but I remain invested. If we go any lower, I will invest again.
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