Jake Wujastyk: NBIS shows large volume shelf on weekly chart

Jake Wujastyk: NBIS shows large volume shelf on weekly chart
NBIS forms large volume shelf on chart

Jake Wujastyk, founder / CEO at TrendSpider, highlights that NBIS continues to exhibit a large volume shelf setup on its weekly candle chart.

He suggests that the likelihood of a higher move is more probable based on this technical formation.

Wujastyk has previously highlighted shifts in market behavior across multiple assets. He recently noted that AAPL shares saw substantial short-term flow, pointing to increased trading activity. In another observation, he reported that TLT displayed extreme oversold RSI and bottom doji patterns over the past two years.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.