NBIS shows bullish technical structure and positive catalyst; expected to test $240.

Uh the first piece of news I have is on Nebus, ticker NBIS. Nebus, ticker NBIS.

Now, let's get back to Nebius here. NBIS been a great trading stock for us. Uh, another big AI name. Now, there is some news causing it to gap up here today. Nebus Group, which is ticker NBIS, their stock rose over 9% in Thursday's pre-market trading following reports that the AI infrastructure company plans to raise prices across its GPU cloud services by about 20% as computing capacity remains tight.

Nebius is reportedly raising prices across its GPU cloud services, underscoring tight supplies of artificial intelligence computing capacity. And those new prices are set to take effect October 1st and cover several Nvidia Corporation GPU models.

That's ticker NVDA, by the way. Those models include the H100, H200, B200, and B300. And that is according to a Wall Street CN report carried by FU.

The H100 hourly rate will reportedly rise 16.9% to 450 from 385. Meanwhile, the H200 rate will increase 20% to 540 from 450. Nebas will also raise its B200 rate from 18.9 or uh two will raise its rate by 18.9% I'm sorry to $8.50 and that comes from $7.15.

The B300 price will climb about 21% to 950 and that comes from 785.

This would mark Nebius's second price increase in several months. In May, the company raised prices by an average of 29% for ondemand capacity and 51% for spot capacity. The B300 rate has climbed about 56% from its premay level of roughly 610 per hour.

However, Nebius had not publicly confirmed the latest price increase as of the report's publication. The report also cited an exus user who said Nebius's order visibility now extends beyond 24 months.

That's up from about 18 months. Some customers have reportedly placed orders for the first and second quarters of 2028. Those contracts include deals covering tens of thousands of GPUs.

The reported price increase cover both old Hopper GPUs and newer Blackwell chips. That suggests strong demand extends across multiple generations of AI hardware.

And Nebius is telling you that and they're having orders booked all the way out till 2028. Now, I will say the company not confirming that play have that play into your risk factor because if they come out and say, "Oh, we're not doing this."

Maybe that's going to impact the stock to the downside.

but so far here, uh, Nebby is trading higher on the back of this news. Nebas is up 9 and a quarter% here at 228. And you can see where that 228 level is. We're basically filling this gap and a little bit more.

So, now I would say probably 240 next to be quite honest. 240 and then 256 look to be the next levels to me.

Let's also take a look very quickly at some of the individual names. Here's NBIS. just had some news here. Uh, one of the things that immediately jumps off the chart here for me is we do have this trend line.

I guess you could also do a more steep, more near-term aggressive trend line. I still got to come up with a name for this formation here. Maybe a tuning fork, something like that.

I don't know. But, um, NBIS, we had there's a lot of good things going on here with the 9.4% gap up here today. We actually have higher lows. We had a pullback from the highs to the 200.

And since then, we've been making higher lows. Now, today's gap takes us through the 50, the 100, and the 20-day. And it actually looks like we really want to test this 240 area.

We're currently sitting at 229. So, I would definitely put this one on watch here today. Let's see how we do with this. Um, but this is where this is where the chart looks. I think that this is going to be in play.

I really do. I really do. So, uh, good stuff there.

Brian is asking who had a chance to buy NBIS in double digits and did not. This guy. I'll tell you what, it's like the old saying, it's better to have loved than lost and to have never loved at all.

Yeah, try it. Here's the one thing I'll say. I bought that sucker at$,750. sold it in like the low 20s, 23, 24, was like, "Yeah, I made six points in like two days. This is awesome.

Got a bunch of money." And then for the next year, I watched the thing climb to 200. So, it's like, damn, should have at least held some. I'm trying to be better about that now.

NBIS also coming in.

Big pull on MBIS. We talked about that as well. That was pulling right out of the open. Expected profit taking on a lot of these moves. NBIS, one of the levels here to watch on this pullback is going to be yesterday's intraday low down here at 209. 209. That's MBIS.