NBIS: 5-Month Base Breakout & Gap Up Buy
By:TradingView
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The Setup:
NBIS is flashing a massive green candle breakout backed by strong volume (a 50% increase). The daily chart shows a beautiful Inverted Cup and Handle alongside a Triple Bottom that featured aggressive shakeouts. On the higher timeframe, we have a very strong monthly signal as the stock actively tests its composite and RSI crossovers. While the broader primary market is over-extended, this stock just successfully tested the breakout line from a massive 5-6 month base and gave us a clean Gap Up Buy opportunity.
Tip: Use NEBX for leveraged entry.
Reasoning:
NBIS is flashing a massive green candle breakout backed by strong volume (a 50% increase). The daily chart shows a beautiful Inverted Cup and Handle alongside a Triple Bottom that featured aggressive shakeouts. On the higher timeframe, we have a very strong monthly signal as the stock actively tests its composite and RSI crossovers. While the broader primary market is over-extended, this stock just successfully tested the breakout line from a massive 5-6 month base and gave us a clean Gap Up Buy opportunity.
Tip: Use NEBX for leveraged entry.
Reasoning:
- Massive Volume Breakout (50% increase on a big green candle)
- Inverted Cup and Handle / Triple Bottom
- Aggressive Shakeouts (Trapped bears and flushed weak longs)
- Monthly Signal (Testing composite and RSI crossovers)
- Successful Breakout Retest (Tested the 5-6 month base line)
- Gap Up Buy Trigger
- Leverage Option: $NBEX
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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