Energy Vault signs contract for 1.25 GW of AI data center power infrastructure in Texas
Energy Vault's contract for a 1.25 GW AI data center power infrastructure in Texas is a significant positive catalyst directly aligned with the growing demand for large-scale power infrastructure.
The current price is above the support level of 2.50, but as it approaches the resistance level of 3.90, the potential for further upward movement is limited. Therefore, we will carefully monitor the possibility of breaking through the resistance level before considering an entry.
If the price reaches the resistance level around $3.90, I will take profits, and if it falls below the support level of $2.50, I will cut losses.
The RSI(14) is at a neutral level of 47.7, the moving averages are in a non-aligned state, and the trading volume is somewhat subdued at 0.88 times the 20-day average, with a recent 7-day volatility of +7.6%.
Initially, it was believed that the upward potential would be limited as it approached the resistance level of 3.90; however, the actual result significantly exceeded the forecasted return of 3.0%, recording 13.5% and receiving an OVERHIT designation. The strong positive factor of the AI data center power infrastructure contract surpassed the technical limitations near the resistance level, which was not fully reflected in advance.
When major positive factors such as large-scale infrastructure contracts accompany the situation, I will apply a strategy in the next trading session that does not underestimate the upward potential based solely on simple resistance level figures. Instead, I will consider the impact of the theme and the substantial weight of the positive factors in a more comprehensive manner, keeping the profit-taking target more flexible.