NU Short 05/11/2016
Short on the NU. Hold for a couple of weeks.
Reasons:
1. Broken Trendline and pullback.
2. 38.2% pullback and rejection from the weekly support turned resistance.
3. Double top
4. Fundamentally - grown pressure of rate cut after AUD rate cut.
Reasons:
1. Broken Trendline and pullback.
2. 38.2% pullback and rejection from the weekly support turned resistance.
3. Double top
4. Fundamentally - grown pressure of rate cut after AUD rate cut.
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