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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.
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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.