The VanEck Uranium and Nuclear ETF (NLR) is consolidating in a Darvas Box range between $107–122 while holding its broader rising channel. This zone is key for the next directional move:
A breakout above $122 would confirm bullish momentum, with upside potential toward the channel’s upper boundary around $135–145.
A breakdown below $107 would invalidate the current uptrend structure, exposing downside toward the next major support around $98–100.
Trade Plan:
Bullish Entry: Daily close above $122
Target: $135–145
Stop Loss: Below $118
Bearish Breakdown: Close below $107
Target: $98–100
Stop Loss: Above $112
This setup provides clear breakout and breakdown scenarios, making
NLR a key ETF to watch for trend continuation or reversal.
A breakout above $122 would confirm bullish momentum, with upside potential toward the channel’s upper boundary around $135–145.
A breakdown below $107 would invalidate the current uptrend structure, exposing downside toward the next major support around $98–100.
Trade Plan:
Bullish Entry: Daily close above $122
Target: $135–145
Stop Loss: Below $118
Bearish Breakdown: Close below $107
Target: $98–100
Stop Loss: Above $112
This setup provides clear breakout and breakdown scenarios, making
NLR a key ETF to watch for trend continuation or reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.