ORCL, out of steam?
ORCL presents a contrarian trading opportunity. Despite overall bullish sentiment, the price action suggests a potential downside. ORCL recently hit an all-time high but closed lower, indicating possible bearish momentum. With QQQ breaking out and major tech stocks like NVDA, AAPL, GOOGL, and MSFT showing significant growth, it's plausible that these leaders might consolidate as the market catches up. ORCL appears poised for this consolidation phase, making it an optimal candidate for a short trade based on its recent price movements and market dynamics.
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