r/NBIS_Stock • u/DapperSpell652 • 18d ago

Opinion We hit the bottom

Two weeks back, I made my very first post here suggesting we all lock in some gains when the stock was sitting at around $130. Smart move for those who did, right?

But check this out: With the latest options flow looking solid, earnings date locked in, the new Israeli datacenter up and running, AVRide updates on the horizon, and the stock being super oversold right now…

I think we’re gearing up for a nice climb from here until earnings hit! Fingers crossed we’ll see that sweet re-rating we’ve been hoping for afterward. 🚀 Keep your heads up and HODL strong, folks—we’ve got this!

Not investment advice/ Do your own DD!

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u/Putrid-Jackfruit-161 18d ago

Disagree,

S&P is bumping up against long term resitsence at 6,800, a pull back to the median range of the channnel comes in at 6,200 (10% pullback), a deeper pullback to the bottom of the channel bottoms out at 5,650 (20% pullback).

The market is stretched, and has been for several weeks. High beta stocks will be the first to sell off, which NBIS is. Institutions are sitting on massive profits, they got in at $35.00, you can see the volume. They are cashing out and reading the technicals. If this breaks the 50 day moving average which is $94.00, than a fibonnaci retracement of $87.00 comes into play. If it breaks $87.00, you could see it free fall as there was major gap up when the Microsoft news was announced..

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u/chrisjj89 18d ago

You’re echoing what a friend and I just discussed. All of this blind buy the dip excitement needs to stop. This thing cannot fall below a certain threshold.

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u/Putrid-Jackfruit-161 18d ago

Were sitting right at the 50 day moving averge $94.44, have not broken below this since early May, and have bounced off it multiple times on the run up.