NBIS is in distribution with negative pressure; avoid going long now and wait for a bounce before shorting.

can we talk Nebus NBIS? Do you watch that at all, Amarie? I don't. I don't. Let's have a peek at it.

Down six points, two and a half% decent volume. Okay. So this is landlocked. So it's trying to build some sort of ledge that it's going to break from. Base is notice we're still inside of the earnings candle.

That's no bueno. So we got to get out above 260 or below. Yeah, I think below 230 that's going to give us uh movement.

If you want to trade this now, the only thing I could give you is our general um old lady iron condor. um simply because it's it's not it's not giving us any structural motion on the outside of it.

But because October is going to be so sticky, I would look at November expiration to do something like that.

If you're looking for a quick strike event, realize you've got this sideways pressure and then if you collapse into, I don't know, your 30 minute chart or whatever, and you can see that range that it's sitting in the midst of, you know, here's the edge from the prior day.

I don't know. So I I'd say what do we have for accumulation distribution? So it's in distribution right now and so this support ledge could give us a bounce into the moving average and then you take the short.

If you took a short here now the price action would open up you know $10 of risk.

Again, what what I am noticing is anything that gaps up lately gets sold right back down to the base. And so that's, you know, that might be a nice setup for us to watch all week long as we're going, okay, let's see what's gapping up pre-market and let's find that ledge and, you know, sell the stock at at that open.

I would wait for this one to move up if I were going to short it. Um, if you wanted to take it long right now, it's got a lot of negative pressure on it. So, not, you know, not to be a wimp, but I would punt here.

Uh, good breakdown on Nebis.