Oracle - Expires 17/4 (30d) - We look to Sell a break of 81.98 (stop at 85.22) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Broken out of the channel formation to the downside. Previous support at 86.00 now becomes resistance. A break of the recent low at 82.04 should result in a further move lower....
Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42) Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon. The bias is to break to the upside. The primary trend remains bullish. Preferred trade is to buy on dips. The 1 day moving average should provide support at 86.40. Posted...
Shares in Oracle Corporation (symbol ‘ORCL’) have been trading in an aggressive bullish momentum for the last 5 months. The company is expected to report its earnings for the quarter on Thursday 9th of March. The consensus EPS is $0.95 compared to the result for the same quarter last year of $0,94. ‘Oracle’s payout ratio is around 40% indicating that the...
Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the...
Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66...
Not following the company's fundamentals or anything, just general market sentiment and macro along with obvious signs on SPY's head and shoulders. The pile up into safe dividend stocks & the additional pump done by dividend distributions on tech stocks which caused the recent 2-3w tech rally is over. The top is in for tech stocks and the price is about to be...
Looking like a good setup at it has gotten rejected at the price trendline several times. It will be interesting to see if it breaks the RSI daily trendline and comes back down to the golden pocket on the daily chart first, and then possibly going down to the lows. The weekly is above the 50 on RSI, but it went up rather fast. I could see a pull back even if it...
The Oracle Corporation (ORCL) broke today above its 1D MA50 (blue trend-line) for the first time since September 14. Within the long-term Channel Down pattern that the price has been trading in since January 12, this is the fastest break-out after a Lower Low bounce. Basically it resembles the fast rebound after the February 24 Low and in order for you to see the...
Keeping an eye on ORCL in the next few days. Price is squeezing inside a falling wedge. I would love to see price breaking above the trendline and 67.50 level. Can possibly long there towards 70
Beautiful descending triangle pattern. For the downside scenario, price must break below 69 which has been strong. Below that we might see an acceleration to the downside towards 64 A break above 71.54 could have price moving towards 74 Keep both directions in play
Oracle shares rise on better-than-expected earnings report - CNBC My thought process on this idea is the following: 1) 10yr yield @ 3.33 2) Strong dollar 3) Fed potentially raising .75 basis points, according to J.P. Morgan. Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right...
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
We bounced off it last week and I am pretty sure we are headed back there. The trigger for the 50% on the month is also around our weekly trigger for a 3-2-2d. 4/29 $74 contracts have 3800 volume .
Watching ORCL for the trigger around 78.85. This gives us the #sss50percent rule trigger for the month. Target 73. Remember as a monthly target, this contract may need some time. Looking on the week, we already started the 3-2.
$ORCL Analysis, Key levels & targets Alright… Here’s the ORCL battle plan --- looking to start a position at 79.17 And then all of the targets below are add levels… I’m really looking forward to this one 😏 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on...
You can buy ORCL target 99.8 stop loss 84.35 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
Nice hammer doji on the daily signaling a possible reversal. Bouncing nicely off historical support. Looking for a move back to the supply zone for a nice ~4% move. Time horizon ~2weeks.