ORCL34 trade ideas
Oracle - Stocks to watch this monthORCL down 10% after earning season with 1.64% beat estimation. We have one more down after dividends share in october.
From fundamental anaysis this sharp down only correction, coz oracle have many good financial data.
from financial strength, this stocks have 6/10 score, with :
Cash-to-Debt 1.26
Equity-to-Asset 0.42
Debt-to-Equity 0.95
Interest Coverage 6.81
and have 7/10 profitability/growth, with :
Operating Margin %33.64
Net Margin %25.35
ROE %18.95
ROA %7.58
PE ratio : 21.04
If we look at technical analysis,
before earning this stocks hit resistance channel up, and down 10%, but still inside channel.
we have support around 0.382 fibonacci, but we still have 1 more down price after dividents this october.
Maybe we still have false break after dividents and continue to bullish to reach new ATH with target at 54.77 and maximum at ABCD fibonacci retracement projection at 56.92
BUY! Hey guys,
Buy on Orcle! This stock as a nice strong uptrend. It has closed it's window and the MACD has triggered an "buy".
I will buy in at market open after labor day!
Have a good 3-day weekend!
Oracle ORCL American Stock long bias at weekly demand zone 45.50Oracle ORCL American Stock long bias at weekly demand zone 45.50. Waiting for a retracement at weekly demand level in order to go long on this american stock
ORCL's pullback
After bullish breakout, ORCL began to pullback and will eventually show a trading opportunity at $46 - $47.
ORCL on the move...Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50.
This morning, ORCL dropped below yesterday's low but quickly got back up above that low.
If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.
Who likes Oracle right now? "Pick Me! Pick Me!"Ok, my thoughts on ORCL:
MACD bullish cross
ParabolicSAR just fired long
BB are inside KC creating a SQUEEZE on Daily ( 4 hour chart Squeeze has already fired LONG)
Price is above the 21 EMA
50 & 200 EMA are pointing upward
Volume increasing on the upward price movement
XLK Sector has fired long.
Need an Oracle to decide which way!Possible double top, 4th wave triangle or push through
The Fourth Wave Conundrum and Pseudo-certainty in play.
Nothing is for certain in this instrument. It's therefore not an object for investment right now.
Does that mean the analysis is in vain. NO!
It gives us the opportunity , when uncertainty is resolved we will with high probability know what will happen and the we invest.
The options:
Double top and 19'ish as target,
Triangle wave 4 for a while,
A push through and a possible EW target of 55'ish for the 5th wave - Harmonic target is a little higher. If this 3rd option play out we would also see divergens eliminated. But the instrument is now in overbought territory .... so on the edge.
Stay Sharp on Charts at:
The WALLST Scalper
BUY SETUPLooks like typical triangle pattern in 4th wave.
Therefore I expect continuation move to upside.
