Don’t Get Offended By This
The hits keep coming with Iran.
The markets have been reeling this week as the Middle East conflict intensifies. Oil prices have surged.
The FOMC kept interest rates steady, signaling a “higher for longer” approach. The markets did not like hearing that.
Not to mention today is options expirations (OPEX), so we could see even more volatility before the markets close the door on this eventful week.
With all these headwinds, I’ve been keeping things light in my own trading, but there are still plenty of charts that are absolutely phenomenal.
I hope nobody takes offense at what I’m about to say…
But the chart I’m about to show you is like a drug.
It’s so addicting because it moves so much.
I’m looking at now Nebuis Group (NBIS).
Sometimes I’ll draw a magnet on a chart when I can see its upward trajectory.
I drew one on the chart below. The stock has one thing and one thing only on its mind – all-time highs.
Here’s why…
Earlier this week, it jumped on news that the company entered a $2 billion partnership with Nvidia to develop AI cloud infrastructure.
It also secured major contracts worth $27 billion with Meta Platforms, which will contribute to a strong backlog.
You can see the news plain as day in the chart…
NBIS also has significant momentum.
But before you jump in… keep this in mind.
When it comes to trading big moving charts like NBIS, keeping a clear head is crucial.
It’s tempting to buy a $30, $40, $60 or a $100 out of the money call because you think “Oh I can catch this huge move.”
Sure, when you catch it, it’s awesome.
But the best advice I can give when trading a chart like NBIS is to not chase the stock.
The options are expensive. If it doesn’t work out, you’re going to get smacked hard.
I’d look for an intra-day consolidation that creates a flag on the 30-minute chart to make a move.
And then the sky’s the limit with this one.
Action Plan: If you want to see exactly how I’m trading charts like NBIS, I invite you to join me in Profit Surge Trader.
Here you can trade alongside me and get my exact entries and exits, plus all my trade alerts in real time so you never miss when to enter a stock.
If you can wake up before 9:30 a.m., you can trade these charts.
