Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Nuvalent Inc. (NASDAQ: NUVL) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for NUVL change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if NUVL is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for NUVL too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for NUVL

• Buy NUVL near 90.59 target 103.95 stop loss @ 90.33
• Short NUVL slightly under 103.95, target 90.59, stop loss @ 104.25

Swing Trading Plans for NUVL

• Buy NUVL slightly over 103.95, target n/a, Stop Loss @ 103.65
• Short NUVL slightly near 103.95, target 93.4, Stop Loss @ 104.25.

Day Trading Plans for NUVL

• Buy NUVL slightly over 95.88, target 103.95, Stop Loss @ 95.66
• Short NUVL slightly near 95.88, target 94.29, Stop Loss @ 96.1.

NUVL Technical Summary | Raw Data for the Trading Plans