QuickTrade : ORCLTriple bottom at 73.42
Triple top at 77.06
EMAs so close that a move higher will make a bullish cross
While a move down will break this nice Box.
ORCL trade ideas
(update) ORCLOracle triggered last week's commentary’s bullish scenario (trading above $71.20) and reached the objective of $74.90. Oracle may continue its uptrend as indicated by bullish readings in MACD, EMA10-EMA20 and price action showing higher highs and higher lows since June 2022. The latest upside resistance is $77.91. Alternatively, a daily close below $71.20 could present short selling opportunity with a potential retest of $68.23 support.
ORCL SqueezingKeeping 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
ORCLOracle had craved a series of higher lows since the June 2022’s low of $63.67. However, this upward momentum has been resisted by the $71.20 level. Oracle may attempt to test the $74.84 if there is a daily close above the $71.20 level. However, Oracle may be exposed to bearish momentum if there is a daily close below $66.86 level. That may present a potential retest of the June 2022’s low of $63.67.
Oracle: No end in sight for the pain!Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00
Resistance: 71.50 / 74.00 / 82.00
Support: 60.00 / 56.00 / 44.00
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Head and ShouldersPrice is below the neckline.
Earnings are over for the quarter.
Possible stop above a level where you see resistance.
No recommendation
Short is low at .82%
ORCL beautiful setupBeautiful 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
$ORCL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ORCL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Earnings watch 6/13 - 6/17Earnings watch 6/13 - 6/17:
6/13
ORCL
IDN
6/14
LICY
CNM
HITI
6/15
WLY
6/16
KR
ADBE
CMC
6/17
ALYA
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$ORCL Fade The News IdeaOracle 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 now, it is a short the rip environment.
Lower!Probably another 10% or so to the down side to the support ! Will decide what to do IF and When price goes there ! But probably a great entry for a great company for the long term investor! Just my opinion
This is when the selling endsWhen the price of Oracle reverts to the mean, then we know it's over.
Current price action is a repeat of the 2000 dotcom bubble.
That's my running thesis right now.
Getting closer to the outside month triggerWe 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 .
ORCL possible outside monthWatching 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.
Oracle great opportunuty Excellent opportunity to accumulate or join LONG.
Long and Hold
Solid and super capitalized company
1) RSI 1w is crossing 50% to the upside
2) trend reversal on the average 200 and 100 at one week
Primary bullish trend.
contact us privately if you want to know more information about the financial markets.
Lpi.sa
$ORCL with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ORCL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Recap: 3/17 ORCLStrat play 3/25 83c
Setup: 2-1-2 bullish
Actual loss: 0.79 -> 0.51
Theoretical loss: 0.79 -> 0.41
Triggered and failed. Hit SL
Recap: 3/15 ORCLStrat play 3/18 80c
Setup: 3-1-2 bullish
Actual gain: 0.76 -> 1.06
Theoretical gain: 0.76 -> 1.27
Broke twice, first time entering gained about 40% at one percentage point. No targets hit but it felt like a good level to secure profit as it headed back down since the gap to first target was 1.6%.
Second time triggering I missed it, went from 0.86 -> 2.27 (HoD) and hit both targets.
If I had played to the stop losses and the line of equivalence, it would have been played to the theoretical gain 0.76 -> 1.20, and to 1.27 if using actual target line.
Recap: 3/11 ORCLStrat play 3/18 79c
Setup: 2-1-2 bullish
Loss: 1.20 -> 0.74
First time breaking trigger within the first few seconds of the day, options spreads were very wide so I didn't get in.
Failed a few mins later hitting SL of 76.29 FTFC.
Gain: 0.74 -> 1.79
Second run up broke through on more liquid options spreads, I also didn't get in (I missed it).
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Recap: 3/2 ORCLStrat play 3/4 77c
Setup: 2-1-1-2 double inside day bullish
Gain: 0.80 -> 1.1
First run up using trailing stop as the low of the previous 5m candle
Gain: 0.70 -> 1.94
Second run up using trailing stop as the low of previous 30m candle
