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🚨Great Risk-Reward Swing Trade Setups! $NVDA $OKLO
Busy week for you? Read our weekly Best Stocks Recap and catch up in 2 minutes!
Stox Team
December 20, 2024
Highlight Of The Week
We finally saw some significant pullbacks this week after several weeks of bull run in the stock market. Traders, do you know how to make money on a RED day too?
Trading is not just about “buy-low, sell-high”. Many great traders are made in the bear market too!
Click on the Tweet below if you want to learn how to make money in a down-trending market!
Finally some major pullbacks in $SPY $TSLA after a crazy stock market bull run 📉
Do you have a strategy for a downtrending day? Do you know how to find setups to capitalise on a market sell off?Learn this Premarket Routine to find Profitable Trades in Down Trends:… x.com/i/web/status/1…
— Stox.io (@stox_io)
4:33 PM • Dec 19, 2024
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$OKLO
📈 $OKLO - A Beginner-Friendly Slow-And-Steady Mover
$OKLO from Midday Swing Scan on Stox.io
What you need to know about Oklo Inc.
Mid-Cap Stock
Energy sector; specialized in Nuclear Tech & Clean Energy
Stock is moving recently following the announcement of their strategic partnership with AI data center operator Switch.
What’s the setup?
This is a classic event-driven swing trade with a positive catalyst and a decent technical setup.
HIGH Risk-Reward Ratio!
If the stock holds its daily uptrend, it has room towards $26-$27 and potential new highs.
The key level would be its daily opening price. The stock needs to hold above $19-20.
$NVDA
📈 $NVDA - Setting Up For A Reversal
$NVDA from Midday Large-Cap Scan on Stox.io
What you need to know about Nvidia Stock
Large-Cap Stock
AI and crypto mining remain the major drivers for Nvidia’s demand
Stock is holding its 4-month upward trend line on the daily chart and showing strength near the $130s
What’s the setup?
The technical setup on the daily chart suggests a potential reversal trade
HIGH Risk-Reward Ratio!
If the stock holds above the $130 key level, it has room to $140, $146 & potential new highs.
This is a potential SWING trade setup - NOT a YOLO gamble. Respect your stop loss and assess the risk-reward ratio using realistic price targets.
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See you next week with more exciting stocks,
Team Stox