NBIS | Informative

NBIS

Trend Analysis
Trend Direction: Bullish

The price is trading above both the orange (long-term) and blue (short-term) moving averages.
Formed a Higher Low (HL), followed by a Higher High (HH), confirming an uptrend.
Support from Trendline:

The ascending black trendline is supporting the price action, confirming bullish momentum.
Volume Analysis
Rising Volume: Recent bullish movements are backed by increasing volume, suggesting strong buying interest.

Strategy Suggestions

Long Position:
Entry: On a breakout above $38.69 with volume confirmation.
Targets: $44.75, $48.88, $53.00
Stop-loss: Below $34.84 or the $31.10 bearish line for safety.

Short Position:
Entry: Only if the price breaks below $31.10.
Targets: $30.97, $24.76, $19.57
Stop-loss: Above $34.84 to minimize risk