Trade Call: Buy the Dip in Oracle

17 days ago

Host

"First off, Oracle. Are you buying the dip? Because we saw Oracle's $300 billion Open AI deal. Okay, it's already underwater. So, if you think the Open AI deal is going to bring in $300 billion, you're basically getting that for free because the stock has pulled back that much. It has pulled back and we have a buy in the 4hour algorithm right there, which does beat buy and hold 145% versus 96%. Again, if you want this one at $200, I think there's a support level. So maybe you just buy at 220 here and then put 200 as your stop loss in or say that that's your downside."

The speaker recommends buying the dip in Oracle, citing its $300 billion Open AI deal as a catalyst. He highlights a support level near $200 and suggests using a technical 4-hour algorithm, advocating an entry at around $220 with a stop loss at $200.

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