NUF
-Trade: I was looking for a trade after closing a big lost on closing RBL short. NUF was on watchlist, been trending down since june.
-Catalyst: NUF oversold
Setup: C. Oversold. Trading near month low
Technical: Downtred, looking for reversal
What did I do: I buy on 3.96, I was hoping for overnight bounce in a day or 2.
My mistake is cutting when price trending lower...
Better?
Looking back now on trade, should close position when NUF bounce back on 3.95. Unless there is new catalyst , hardly see any reason of reversal. but still holding.
The price is now 4.26 on 22/11/2020 , cant predict future....
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