Verified Investing on $NBIS (Nov 9, 2026)
NBIS has re-entered its parallel ascending channel after reaching the 786 Fibonacci retracement from February's pivot low. Daily closes must hold the channel — 135.28 tomorrow, 136.19 by Friday — for the near-term bullish case. The speaker expects NBIS to rise and test the $145.80 July 29 pivot resistance for at least a few days before rising further, with an optimistic near-term target of the gap near $172, roughly 30 points higher.
Jump to any passage
Now we move on to NBIS stock, a very similar scenario where we reach the 786 Fibonacci retracement level from the recent pivot low in February of this year. But most importantly for NBIS, look at the stock's movement today.
He is returning once again to within this parallel ascending channel. Great move for NBIS stock.
The most important thing for short-term optimists to watch is the continuation of daily closes within this channel, at the 135.28 level tomorrow, and in the coming days by Friday at 136.19.
Therefore, we would like to see the closings continue in this upward range .
The next resistance level is not too far away for NBIS either. It will come at the lowest pivot level of July 29 at $145.80. As you can see, we have a small wedge pattern. I expect NBIS stock to rise and test this level for at least a few days before it continues to rise.
An optimistic near-term target would be to fill this gap at around $172. A good move of 30 points from our current level.
Watchpoints
What this channel has said about $NBIS
Verified Investing has 3 calls on this stock; only the adjacent ones are shown.