ORCL trade ideas
ORCL breaking out of rising wedge amidst TIKTOK rumors ORCL breaking out of days long rising wedge with TIKTOK acquisition rumors coming to a close between ORCL vs. WMT and MSFT.
ORCL is at High of Week so it's hard to determine a target. My personal price target is 60.
Set a trailing stop for this one. Break above descending upper trendline has been confrimed. Now we wait for Monday.
ORACLE SPECULATION $60 BILLION (TIKTOK DEAL)ORACLE SECURES DEAL WITH TIKTOK JUST AS TRUMP BAN IS INITIATED. TIKTOK NEW VALUE REPORTED TOWARD $60 BILLION.
~
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 Tik Tok Deal NOT finalized, proceed with cautionTik Tok and Oracle deal not officially approved by Trump yet. Government overall concerned that Oracle only wants a partial ownership (20% I think), and is not outright buying all the software like Microsoft had planned to do. Bytedance will still be majority shareholder, overall this deal could fall apart quickly, so be careful with overall share prices severely overinflated and overbought. Copyright Rohan Karunaratne 2020
ORCL LONG (but wait for bottom of channel!)ORCL and TikTok deal possibility makes this a bit interesting. Bullish trend with channel shown with strong support and resistance levels noted with arrows. Heavy green/red arrows show U-turns at the channel. Smaller red/green arrows show early U-turns.
Fib extension shows chart has already broken the $53.85 extension resistance level with next resistance at $63.45.
Wouldn't buy right now but would wait till at bottom of channel around $51.85.
ORCL to 70+ next few weeks?* one view here is an inverse head and shoulders with a neckline at either 55 or 60
* another view is just a cup-n-handle formation with a clear break to the upside
* obviously tiktok deal cements their advertising business; are they transitioning to an advertising company? (dont forget they bought bluekai. could there be a re-valuation, like we saw with aapl?)
* implied volatility in the options market seems very depressed.
* expansion of bollinger bands suggests an increase in average implied volatility could be coming and prop up longer dated OTM options
* clear break to new highs from lengthy base
* appears to be forming bullish flag after recent break to new highs
* imo, one of the most solid looking charts out there
* I am playing this with the following positions:
55 oct16 call
55 jan2021 call
85 mar2021 call
V CUP Rising WedgeORCL has broken upper trendline of the RW and it is possible to break up from a rising wedge pattern. Just be careful and keep a stop.
I see support at prior gap down, at handle low and very strong support from a previous high at 46.5ish
A break up from a rising wedge pattern can show weakness within 2 weeks
NV is high/Volume today is high
Trade safely
Not a recommendation
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.
IRON TARIHi guys,
this iron condor is 3 weeks 10% strike, our probability is 82%
The strikes are enough wide to trade with enough confidence, ther is a very wide room to get profit!
The maths in here very easy, if you cath the 2 short strikes ( 50 and 61.5) for a cumulative delta higher than 0.18 + commission jump in!
Enjoy your wallet!
Tari.
$ORCL Oracle on Verge of All time High
The previous identified Inverse H&S seems to be becoming more legitimate and
with yesterdays earnings sentiment may very well turn bullish on the name.
Alert set for break above previous ATH with $66 - $69 as breakout targets
The TicTok deal is still in the background which may be a help or hindrance.
