Oracle ($ORCL) Gap-Fill & Earning Jump Play
Theory: Oracle has a history of significant price gaps after earnings reports. The stock is currently trading within an ascending channel and has an open gap from the last earnings. I expect a pullback to close this gap before the next earnings report triggers a potential upward gap.
Ideal Entry Point: 142.51 - 144.97 USD (after the gap fills and the price hits channel support).
Profit Taker: Targeting 192.27-195.02 USD (2 weeks range after earnings report), aligning with the top of the ascending channel and historical earnings reactions. This move represents a potential 35%+ gain.
Disclaimer: This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
Ideal Entry Point: 142.51 - 144.97 USD (after the gap fills and the price hits channel support).
Profit Taker: Targeting 192.27-195.02 USD (2 weeks range after earnings report), aligning with the top of the ascending channel and historical earnings reactions. This move represents a potential 35%+ gain.
Disclaimer: This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.