Nu Holdings Ltd. (NU) remained under pressure following a series of consecutive losses in recent intraday trading, as the stock searches for a higher low that could provide a solid base for rebuilding positive momentum and resuming its recovery. The stock remains within a short-term bullish corrective wave, with price action continuing to move alongside an ascending trendline that supports the prevailing positive bias. In addition, the stock continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and strengthening the prospects for a near-term recovery. Meanwhile, momentum indicators have reached extremely oversold territory relative to the stock's price action, further supporting the potential for a rebound.

Therefore, our outlook leans bullish for the stock's upcoming trading sessions, as long as support at $13.33 remains intact. Under this scenario, the stock is expected to retest the key resistance level at $14.85.

Today's price forecast: Bullish.