SRPP New Ideas: NVDA & ORCL + Trim AMZN – T3 Live

redler_power_plays

Go to the Power Plays Portal

Print this Page

Power Plays New Ideas: NVDA & ORCL + Trim AMZN
April 4, 2024

By Scott Redler

Today we have two ideas. Before we get to them, we’ll take off half of Amazon (AMZN) for Power Plays as it’s up premarket. We’ll look to ride the rest to all-time highs.

Idea #1

Name: Nvidia

Ticker: NVDA

Price: $889

Needs to Hold: $831 to $876

Price Objective 1: $950 to $1,000

Price Objective 2: N/A

Nvidia (NVDA) is back in consolidation mode. I think it will resolve higher. If it gets back over the $903 area, it can get back to all-time highs, and then some.

Idea #2

Name: Oracle

Ticker: ORCL

Price: $126

Needs to Hold: $117 to $123

Price Objective 1: $132 to $138

Price Objective 2: N/A

Oracle (ORCL) just pulled back to test the earnings gap and had relative strength yesterday. It looks like it’s ready to rebound back over the $132 area.

-Scott

Scott Redler Positions Disclosure as of 2024-03-28 1.42.03 PM

Screen Shot 2024-04-04 at 8.24.20 AM

Disclosures

Scott Redler, Derrick Oldensmith, and Patrick Hawe are associated members of T3 Trading Group, LLC (“T3TG”), a SEC registered Broker-Dealer & Member of FINRA SIPC. All trades made by Scott, Daniel, Derrick, and Patrick are placed through T3TG.

T3 Live, LLC is a financial publisher that disseminates information about economic, business, and capital markets issues through various media. T3 Live is not a Broker-Dealer, an Investment Adviser, or any other type of business subject to regulation by the SEC, CFTC, state securities regulators or any “self-regulatory organization” (such as FINRA). Although T3 Live and T3 Trading Group, LLC are affiliated companies by virtue of common ownership, the companies are managed separately and engage in different businesses.

The programs that T3 Live distributes (including the “Virtual Trading Floor®,” articles, commentary, videos, blogs and social media postings) are for informational and educational purposes only. No one should consider the information disseminated by T3 Live to be personalized investment advice, a recommendation to buy, sell or hold any investment, an offer (or a solicitation of an offer) to buy or sell any investment, or the provision of any other kind of advice that would require T3 Live to register as a broker-dealer, investment adviser or similar entity. No one associated with T3 Live is authorized to make any representation to the contrary.

T3 Live provides information that viewers of its programs may consider in making their own investment decisions. However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, sell or hold any investment. Such decisions must be based on that viewer’s individual and independent evaluation of his or her financial circumstances, investment objectives, risk tolerance, liquidity needs, family commitments and other factors, not in reliance on any information obtained from T3 Live.

Statements by any person (whether identified as associated with T3 Live, T3 Trading Group, or any other entity) represent the opinions of that person only and do not necessarily reflect the opinions of T3 Live or any other person associated with T3 Live.

It is possible that any individual providing information or expressing an opinion on any T3 Live program may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual or it may reflect some other consideration. Viewers of T3 Live programs should take this into account when evaluating the information provided or the opinion being expressed.

Although T3 Live strives to provide accurate and reliable information from sources that it believes to be reliable, T3 Live makes no guarantees as to the accuracy, completeness, timeliness, or correctness of any such information. T3 Live makes no guarantee or promise of any kind, express or implied, that anyone will profit from or avoid losses from using information disseminated through T3 Live.

All investments are subject to risk of loss, which you should consider in making any investment decisions. Viewers of T3 Live programs should consult with their financial advisors, attorneys, accountants or other qualified professionals prior to making any investment decision.

The risk of loss in trading options can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in options trading may benefit you as well as conversely lead to large losses beyond your initial investment. Past results are not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown.

T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of FINRA SIPC. All trading conducted by contributors associated with T3 Trading Group, LLC on the Virtual Trading Floor® is done through T3 Trading Group, LLC. For more information on T3 Trading Group, LLC please visit www.T3Trading.com.