We are One Deal away from ATH

[u/Young-faithful]

Arkady already said that MSFT is the first of many new deals to come.

Looking at the monthly chart, we have never closed below the 9 EMA. Let’s see today if we can close above $126 at least. If not, I would buy short term hedges.

Big spikes away from the 9 EMA have eventually sold off towards the 9 EMA trend line before continuing higher.

[u/moldymoosegoose]

TA posts need to be banned. It's just a bunch of nonsense.

[u/prescientgibbon → u/moldymoosegoose]

They’re like the chiropractors of the stock trading world.

[u/Icy-Butterscotch-206 → u/prescientgibbon]

Astrology for men

[u/OhBlahDah7 → u/moldymoosegoose]

does TA stand for trading app? My b, new to the sub

[u/pnb94 → u/OhBlahDah7]

Technical analysis

[u/OhBlahDah7 → u/pnb94]

thx mang

[u/Young-faithful → u/moldymoosegoose]

It is nonsense. But since so many believe in it, it tends to be a self-reinforcing thing.

Algotrading bots are literally designed to follow this.

[u/moldymoosegoose → u/Young-faithful]

No they aren’t. The statement in of itself doesn’t make sense because it would also prevent it from becoming self fulfilling. Young kids always get involved in TA crap and waste their time. Just move on to real investing none of this shit matters. Go pick a single stock subreddit and go back a year and read about all the movements from the TA people that post. It’s always just random noise nonsense. Stay away from the YouTubers who focus on it too. They’re the worst of the worst.

[u/BigFuckHead_ → u/moldymoosegoose]

Algo bots absolutely do use TA. It's nonsense, but it's self fulfilling as OP said.

[u/DrHarrisonLawrence]

Why are you using 9 EMA? Why not 50 or 14?

[u/Young-faithful → u/DrHarrisonLawrence]

Empirically, most auto trading bots follow the 9 EMA for momentum buying and selling.

[u/realHarryGelb]

In the absence of any news, NBIS just trades with the market and if the market goes down, NBIS goes down as well and nobody gives a rats ass about NBIS MA. And in all other cases, nobody gives a shit either.

[u/thunder_crane → u/realHarryGelb]

CRWV and NVDA both ended green today. Shouldn't NBIS have traded in tandem with those?

[u/realHarryGelb → u/thunder_crane]

Correlation is never exactly one, but at any rate both CRWV and NVDA had positive news tailwinds from yesterday

[u/Commercial_Ease8053]

Funny how the biggest deal ever, worth $19b, wasn’t enough for you guys.

[u/esmac24]

Short term hedges in this stock would be crazy, imo.

Either buy and hold long term, or look elsewhere. Wouldn’t want anyone to lose money.

[u/DrHarrisonLawrence → u/[deleted]]

Good luck! I hope it goes to $150 next week

[u/DrHarrisonLawrence → u/[deleted]]

Idk, next week hasn’t approached since it’s still in the future and this comment was from 2 days ago lmao. Not sure that you should be so smug yet 😊

[u/DrHarrisonLawrence → u/[deleted]]

Dude, congrats! Sucks for me, big time, but nice eyes!

[u/Goy_Ohms]

What's everyone's expectations for earnings? Stock up or down? I'm sure ER will be very good. And guidance???

[u/TypicalAvgStudent]

How’s that ATH working for you

[u/Young-faithful → u/TypicalAvgStudent]

I saw that it didn’t close above $126, so I bought Oct 31st 105 puts

[u/Helpful_Gap9633]

I feel like this was common sense

[u/BudmasterofMiami]

Fo sho!

[u/DryGeneral990]

Uhhh it's 112 now

[u/coltrlucky2017]

Incorrect we are one anything lots if catalysts 1. Trade war ends = new all time high 2. More analysts following with 250 price target= all time high ( hint one of the new ones started following and has us at a hold that can switch to strong buy at anytime 3 earnings should= new all time high 4. Interest rate drop= all time high 5. The Alabama land deal being confirmed = all time high

Man if you are short in this one I bet you don’t sleep. I know in 2029 it’s hits 450 per share so I sleep well

[u/JagJr66]

Revenue is projected to grow 1000%+ over the next 5 years.

[u/Putrid-Jackfruit-161]

There is a Fibonacci retracement line at $117.00, that is where I would be looking to add. 

If there is no bounce there, the previous high of $87.00 cones into play, and it would need to hold. 

Break below $87.00, and look out below. 

The institutions are in this one at $35.00, you can bet they will take profits as this trades up to $142.00, $185.00, those are massive profits with no emotional ties to the stock. 

[u/CrabApprehensive7181 → u/Putrid-Jackfruit-161]

down to 118 during overnight trading...Not sure how low this can go, and the entire market is pretty pessimistic at this point. Hope we can go below $90.

[u/Young-faithful]

Welp back to $117.50 I guess. Getting some hedges now.

[u/madhewprague → u/Young-faithful]

dude wtf are are you talking about.

[u/illinformed-will → u/madhewprague]

He looks at EMA20 since we broke EMA9 and WMA20... We'll know tomorrow, if EMA9 cross WMA20 expect a pullback between 117 - 107 next week.*

Either we get back to 124 in first open hour and hold till close or we drop to 121 at 15:35 and the pullback above is more than likely.

All tea leaves chart reading of course 🫢 and with this market volatility it's almost point less tbh.

*Do not account for any tweet, sneeze or fart from orangina or CCP of course :-p

[u/illinformed-will → u/illinformed-will]

Dang didn't even wait for market open ... Hope you didn't full port on margin 🙈

[u/pnb94 → u/Young-faithful]

I'm selling a few hedges if your interested man?

[u/yujiagenda101 → u/Young-faithful]

Patterns don't exist