Bullish bar break, sign of upside returning?
ORCL Trend has been well respected within the uptrend line since Oct 2022. Despite a larger than expected correction from 9 Dec 24 - 14 Jan 25, the stock managed to reverse higher after the reverse of the tik tok ban. The strong bullish bar break above the falling wedge with strong volume will support the stronger upside continuation. Key support at 143-152 is well supported. Long-term MACD still shows bearish momentum, but stochastic Oscillator is showing signs of overbought, together with 23 period ROC. Volume and Directional movement index is healthy.
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