Oracle in descending triangle.Oracle - 30d expiry - We look to Sell a break of 112.98 (stop at 118.98)
Daily signals for sentiment are at overbought extremes.
Trades with a bearish descending triangle formation.
113.43 has been pivotal.
A break of the recent low at 113.43 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 98.98 and 96.98
Resistance: 118.00 / 121.36 / 124.00
Support: 113.43 / 110.00 / 105.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Orcle
Oracle in a range.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 Mixed Daily results for the last 56 days.
Our profit targets will be 93.88 and 94.88
Resistance: 90.00 / 91.22 / 92.00
Support: 88.00 / 85.87 / 84.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ORACLE SPECULATION $60 BILLION (TIKTOK DEAL)ORACLE SECURES DEAL WITH TIKTOK JUST AS TRUMP BAN IS INITIATED. TIKTOK NEW VALUE REPORTED TOWARD $60 BILLION.
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The stock currently sits below a possible future support at $60.5, Moving forward we need a break and close before I even think of entering.
Watching the orange trend lines as support and resistance, it holds strong on the weekly timeframe .
Possible buy on a break and hold of resistance @ $60.5.
Upside targets: $$63.63, hold beyond at your own risk
Possible Short Entry if break and hold below $57
CAUTION: I hate playing news, this Tiktok bs is getting out of hand. Play at your own risk
DotcomJack | Michael Jordan of Stonks
ORACLE CORP WINS TIK TOK DEAL (ROCKET TIME)TikTok has reached an agreement to sell its U.S. operations to software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies.
Oracle has reportedly won a deal to manage TikTok’s US cloud operations. Oracle had been rumored to be part of the bidding process to acquire TikTok, but The Wall Street Journal reports that the company has been selected as a “trusted tech partner” instead. This is different from an outright sale, and appears to suggest Oracle will be helping run TikTok’s US operations with its own cloud technologies.
News of an Oracle deal comes just an hour after Microsoft revealed it was no longer acquiring TikTok after its bid was rejected by TikTok owner ByteDance. Microsoft had been pursuing a deal to buy TikTok’s operations in the US, Australia, Canada, and New Zealand. It’s clear talks have swayed away from a full acquisition, with Oracle reportedly winning the bid to be a technology partner instead.
President Trump signed an executive order August 6th blocking all transactions with ByteDance, and the order demanded an American company purchase TikTok’s US business. The EO was intended to take effect within 45 days, although the president later signed a follow-up order giving ByteDance 90 days to sell or spin off TikTok in the US. This does not supersede the original deadline, though. As Department of Commerce secretary Wilbur Ross told The Verge: “Per the 45-day period outlined in the Executive Orders, the Department of Commerce is operating under a deadline of September 20th.”
An inverse or reverse head and shoulders pattern is also a reliable indicator which can also signal that a downward trend is about to reverse into an upward trend. ... The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep rallying upward.
THE WEEK AHEAD: ADBE, ORCL EARNINGS; GDX/GDXJ, USO/XOP/XLE, EWZEARNINGS:
ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied).
Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide iron condor pays 2.46. Off hours markets are showing wide, so look to price setups out during the regular session.
The delta neutral ORCL April 17th 40/55 short strangle pays 1.45.
EXCHANGE-TRADED FUNDS WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
GDX (99/51), April
USO (97/66), April
GDXJ (96/58), April
XLE (97/75), April
EWZ (92/52), April
XOP (92/51), April
TLT (91/41), May
EWW (91/48), April
XLU (90/43), June
SMH (84/56), April
FXI (65/33), June
BROAD MARKET WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
EFA (87/37), June
QQQ (83/43), April
IWM (82/46), May
SPY (78/41), May
EEM (70/37), June
FUTURES:
/CL (97/65)
/GC (84/25)
/SI (70/30)
/NG (65/48)
/ZS (30/19)
/ZC (21/22)
/ZW (13/27)
VIX/VIX DERIVATIVES:
VIX finished the week at 41.94, so it has been a rough ride for shorters who were in plays before this volatility expansion (points to self). The basic watch word is "patience"; volatility will abate at some point in time ... .