Nu Holdings (NU) Looks bullish

We got a question on the Nu Holdings (NU) chart.

Nu Holdings (NU): Bullish 2024-2025 basing patterns target 19.00 and 23.25

NU has broken out from a November 2024–August 2025 basing pattern with the move above 14.00 establishing an initial upside target near 19.00. While holding above support at 14.56–14.00, a breakout above 16.15–16.43 would confirm an even larger base from late 2024 and open the way toward 23.25.

Rising 13-, 26-, and 40-week moving averages at 14.59, 13.60, and 12.90 reinforce the recent bullish shift in trend. Additionally, a breakout from a bullish triangle for NU relative to the S&P 500 confirms the constructive absolute price setup and supports the case for leadership from NU.

Chart 1: Nu Holdings (NU) (top) and relative to the S&P 500 (bottom)