Rejects the bearish case for NBIS; views a significant downside as unlikely without a broader AI sector unwind.

Uh NBIS was another one that was mentioned uh in the chat as well. This has been another really great trader for us. NBIS only up a percent here today. We actually still have the tuning fork here on the daily.

We'll see if that if that ends up working out here, but NBIS um we're still under the Thursday high.

Uh I would say 228 on deck here for today. That's going to be your pre-market high. And I'd probably be looking at that 231 232 from last week. Yeah. So I think if you look at the weekly that what we're going to want to see happen is just a consistent you know move up with the 20week SMA that has been kind of guiding uh the price action uh since since you know June really uh maybe July I would I would actually say but since it came down here it's been leaning on that moving average for support.

It's been trading, you know, it's been uh closing above and beneath it. Uh it's back and forth. I think we just don't want to see this uh you know, moving average uh have multiple days like three or more days closing beneath it and and have it come down to the 150s that that would be an indication that we're coming in some more.

But as long as we continue to uh kind of ride this uh moving average up, there still could be some higher prints. Maybe we get that tuning fork trade uh that you have the trend lines for. uh if we continue to get that.

So that's what I'd be watching for here with NBIS. Just continue to ride this uh uh 20 week SMA up.

Um Jay mentioning here Rothschild was negative on it this morning. And indeed from this morning, Rothschild initiates coverage on Nebus with a sell rating and a price target of $84.

So 84. So it wants to it's looking for the price to come down into the consolidation from the end of 2025.

Yeah, remember those targets 12 to 18month targets on that. Yeah, I mean it's it could certainly you know come back in here but that would that would have to be you know there would have to be something uh going horribly wrong for uh the entire I would say the entire AI trade um or this company individually.

I don't know what that would be, but uh I think that's to pull it down that much, which would that be? That would represent about a 63ish percent drop from here. That would that would that would sound something like an unwind of the AI trade is what that would represent to me.

Or at least an unwind of MBIS. I'm just not sure I see that one yet. I'm going to need let's let's go this way. I'm going to need more to think that that's going to be the case.

Uh I'm not I'm not with Rothschild there on that one.

How about NBIS? Did that end up turning around? That's a good question. That and then and Wellness Matters is mentioning Google with a bunch of googly eyes. So, that might be worth taking a look at here.

NBIS still at the top end of the range. Nothing really happening there yet other than some back and forth. This is chopping around. Yeah. Just chopping around.