NBIS is on my watchlist right now but I'm not touching it tomorrow and I want to explain exactly why.
Stock was sitting at $90 just a few days ago. It's run hard and fast. That move was real — NBIS is a neo-cloud infrastructure company that's been signing deals, landed a partnership with Meta, and got a direct investment from Nvidia. The fundamentals are there. The institutional interest is there. But the chart needs time to work now.
There's a big flat top resistance level sitting around $131. That's the breakout level. Clear it on volume and this thing has room to move. But right now price is extended well above the 9 EMA and chasing a breakout here is how you get chopped out. Breakout failure risk goes up significantly when the pattern is this stretched.
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WHAT I'M WAITING FOR
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Inside day or two small pullback days
Pattern tightens up right under that $131 level
9 EMA catches up to price
Volume dries up during the consolidation
That's the setup. When the 9 EMA is close and the pattern is tight, a breakout through $131 becomes a completely different trade than what's in front of us right now. Night and day in terms of risk/reward.
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TRADE PLAN
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Trigger: Breakout and hold above $131 on volume
Entry: Breakout candle after tight consolidation
Stop: Below the 9 EMA on the day of entry
Pattern: Flat Top Breakout
Watching. Not in yet.
─────────────────────────────────
ABOUT
─────────────────────────────────
Stock was sitting at $90 just a few days ago. It's run hard and fast. That move was real — NBIS is a neo-cloud infrastructure company that's been signing deals, landed a partnership with Meta, and got a direct investment from Nvidia. The fundamentals are there. The institutional interest is there. But the chart needs time to work now.
There's a big flat top resistance level sitting around $131. That's the breakout level. Clear it on volume and this thing has room to move. But right now price is extended well above the 9 EMA and chasing a breakout here is how you get chopped out. Breakout failure risk goes up significantly when the pattern is this stretched.
─────────────────────────────────
WHAT I'M WAITING FOR
─────────────────────────────────
Inside day or two small pullback days
Pattern tightens up right under that $131 level
9 EMA catches up to price
Volume dries up during the consolidation
That's the setup. When the 9 EMA is close and the pattern is tight, a breakout through $131 becomes a completely different trade than what's in front of us right now. Night and day in terms of risk/reward.
─────────────────────────────────
TRADE PLAN
─────────────────────────────────
Trigger: Breakout and hold above $131 on volume
Entry: Breakout candle after tight consolidation
Stop: Below the 9 EMA on the day of entry
Pattern: Flat Top Breakout
Watching. Not in yet.
─────────────────────────────────
ABOUT
─────────────────────────────────
تم فتح الصفقة
trying to find an entry to double up on this its the best chart thats left
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.