Breakout for Newborn Acquisition Corp. in the Charts?

: NBAC | Newborn Acquisition Corp. Un News, Ratings, and Charts

NBAC – An ascending triangle pattern has formed in the chart of Newborn Acquisition Corp. (NBAC). If the resistance level is surpassed, a breakout could occur. Read more to learn how to profit from this trade,.

An ascending triangle pattern has formed in the chart of Newborn Acquisition Corp. (NBAC - Get Rating).  This is a bullish pattern and if the resistance level is surpassed, a breakout could ensue.

NBAC operates as a blank check company or special acquisition special purpose acquisition company (SPAC). A SPAC is designed to take companies public without going through the traditional IPO process.

NBAC launched in February 2020 when it raised $50 million by selling 5 million shares at $10 each. It announced it would bring Nuvve, an EV charging company, public. Nuvve offers vehicle-to-grid solutions. In other words, when cars are plugged in and not in use, they can contribute back into the grid.

Take a look at the 1-year chart of NBAC below with my added notations:

 Chart of NBAC provided by TradingView

Over the past two months, NBAC has hit the $21.50 resistance (red) on two different occasions. In addition, the stock has been climbing a trend line of support (blue) since the beginning of December. Together, these two lines have formed an ascending triangle on NBAC. Eventually, the stock will have to break either the $21.50 resistance or the triangle support.

A long trade could be made if the triangle resistance level of $21.50 is broken.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

How to Outperform the Stock Market?

7 Best ETFs for the NEXT Bull Market

5 WINNING Stocks Chart Patterns


NBAC shares fell $0.40 (-2.26%) in premarket trading Monday. Year-to-date, NBAC has gained 0.46%, versus a 2.56% rise in the benchmark S&P 500 index during the same period.


About the Author: christian


Christian is an expert stock market coach at the Adam Mesh Trading Group who has mentored more than 4,000 traders and investors. He is a professional technical analyst that is a certified Chartered Market Technician (CMT), which is a designation awarded by the CMT Association. Christian is also the author of the daily online newsletter Todays Big Stock. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
NBACGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Why Are Stocks Floating Higher?

Why are stocks breaking above 6,000 once again? When will they make news highs? And what is an investor to do now? Seasoned investor Steve Reitmeister shares his thoughts in this updated commentary.

How is the Stock Market Like a Helium Balloon?

Stocks have finally broke above 6,000 for the S&P 500 (SPY). The more important question is what comes next? Steve Reitmeister provides his answer in his latest market commentary.

Has the Bull Market Run Out of Steam?

It seems the S&P 500 (SPY) advance has stalled and cant crack above strong resistance at 6,000. Why is that happening? And what happens next? Read on for the answers...

Investors Remain “Cautiously Optimistic”

The S&P 500 (SPY) has made great advances since the lows of early April. Yet seem to be stuck under resistance at 6,000. What happens next depends on tariff talks. So let’s talk about the latest news on that front.

Bull Market Til Proven Otherwise

The phrase that paid for investors in 2025 was “Bull market til proven otherwise” Steve Reitmeister explains why in his latest market update and preview of top stock picks.

Read More Stories

More Newborn Acquisition Corp. Un (NBAC) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All NBAC News