TradingKey – At $212.07, Nebius Group (NASDAQ: NBIS) is now trading above the symmetrical triangle on the 2H timeframe. The candles are green, the RSI stands at 35.61 (indicating oversold conditions), and positive divergence is beginning to appear at the lows, suggesting that selling pressure is waning. This dynamic sets the stage for what we anticipate to be the most likely short-term rebound.

Until August 2024, Nebius Group (NBIS) was known as Yandex N.V. before it announced a corporate renaming and transitioned its business model to an AI neocloud. NBIS has no relation to the Russian search engine or the ride-hailing company, Yandex, as it once did. Rather, this new Nebius is an AI neocloud that builds large-scale GPU clusters as…