Cautionary Commentary on Oracle's Overextended Rally

2 months ago

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"Now, did I add this? No. I don't like Rivian. It doesn't fit my thing. But kudos kudos to everybody that followed Jamid. Hamid is a great great investor. And the point is, even in this sideways market, there are tons of stocks that are continuing to go up. But on the other hand, Oracle is not going up. Okay, this one shot up. Shot up and it's now been killed. Let's to go take a look at the chart. Let's do some analysis of this one because if you look at a weekly chart of this one, okay, you can see the MACD has never been that high. The RSI was at levels where it pulled back before two from 200 all the way down in April to 120. This is simply getting killed based on debt."

The commentary provides a critical view on Oracle, noting that despite a recent surge, technical indicators and debt concerns have led to a significant pullback, suggesting caution.

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