I like the look of the recent price action in Nebius (NBIS), a data center play that received a large investment ($2B) from NVIDIA last week.

Why does this setup stand out?

First, the stock produced a clean bear trap just below the 200 day moving average. Instead of breaking down, price quickly reversed and began building a constructive pattern of higher lows and higher highs. That sequence triggered a reversal signal within the broader range.

Second, notice the cluster of trailing AVWAPs (orange lines). They have acted like a support vortex. Each time price dips below them, the move fails quickly and price snaps back above. It reminds me of trying to hold a ball underwater. The moment you let go, it pops right back to the surface.

Overall, the chart looks like healthy consolidation following last year’s powerful rally, especially considering the challenging market backdrop recently.

As always, this is simply one setup that caught my attention.

Please do your own due diligence!