NVDA $ORCL SMCI STOCK ANALYSIS 📈 🚨 OCTOBER 28

AI-generated source summary

The analysis focuses on three stocks: NVDA, ORCL, and SMCI, using a weekly timeframe. NVDA is currently trading at 214.77 and is viewed as a sell into weakness, with a target of 200.00. The failure bound for this bearish prediction is set at 235.00, indicating that a move above this level would invalidate the bearish outlook. The reasoning for selling NVDA is based on indicators showing a potential downturn after a significant run-up, with the price being far from the 4-year moving average. ORCL, currently at 146.77, is identified as a buy opportunity on dips, with a target of 145.00. The fail bound for this bullish setup is 155.00. The analysis suggests buying ORCL because it's trading at the 4-year moving average, indicating a potential reversal. SMCI is currently at 35.23, with a bullish prediction and a target of 55.75. The fail bound is 30.00. The stock is considered a buy because it's also sitting on a significant support level, which is identified as the 30.00 mark, with potential upside to the red zone of the Fibonacci levels. The analysis generally advocates for buying assets during 'planting seasons' or dips, specifically when they are near their mean or support levels, and selling into 'greed' or when assets are overextended.

AI-generated summary based on the source content.