The ONE Tech Name I’m Long on Right Now
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– Stephen Prior, Publisher
The FOMC is behind us and the reaction was bullish.
Well… it WAS bullish up until Oracle (ORCL) fell 14% after earnings and major tech stocks like Nvidia (NVDA) and AMD (AMD) took a dive.
Next thing you know, the “AI bubble” talk hit the headlines again.
But here’s why I’m not buying it.
While tech might be a risk off right now, I still believe GOOGL is “the one” in that space.
Take a look at its chart below.

That chart looks awesome.
As you’ll see, GOOGL has been trending up with consistent consolidation periods.
While there was some news on Open AI that caused a $7 drop yesterday, I still think the chart structure is solid. Which is why I believe GOOGL could be on its way to all-time highs.
So today I’ll be looking for GOOGL to break out.
If it has a good day, I can continue to add to it.
GOOGL is the top chart on my watchlist right now. For the trade setup, I’ll be looking at GOOGL $325 calls for next week right out of the gate.
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