Stock Of The Day / 12.18.24 / NUKK

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12.18.2024 / NUKK

Fundamentals. Second day of growth on the news of the acquisition.

Technical analysis.
Daily chart: Exit upwards from the annual accumulation.
Premarket: Range movement on increased volume.
Main session: We observe a confident upward movement at the beginning of the session after holding the previous day's high level 17.66. After acceleration and the formation of the top of 34.00, the price begins to tighten to the level of 23.00 against the upward movement. We consider a long trade to continue the movement in case the structure of the tightening is broken upward.

Trading scenario: #pullback along the trend (#false tightening) to the level 23.00

Entry: 24.45 on the breakout of the tightening structure and an upward exit on increased volume.

Stop: 22.69 we hide behind the level with a reserve for slippage.

Exit: Close part of the position before the level of 34.00 (RR1/5), close the rest of the position on the return candle after the trading halted at 1:30 p.m. (RR 1/15).

Trade potential: 1/15

P.S. Today's has shown a clear advantage of trading "In Play" stocks. Despite the fact that the market fell by 3%, NUKK did not notice this and continued to go one's own way, demonstrating significant growth and a very technical nature of the movement.