Oracle - LongWe can see a long position created in Oracle.The technical indicators have shown that the depth is done and now there is uptrend.
ORCL trade ideas
Oracle next leg upAfter Tuesday breakout we consolidated all all yesterday. 95.22 held pretty good for support
over 95.94 Is a breakout which I think will take us to the next level of Tuesday breakout. My target for today is 97.66 Fibonacci
ORCL- FallingWedge Break outOracle broke out the falling wedge.
RSI >50 bullish
Stoch crossed over and moving up
Oracle getting ready to🚀 BullflagWhite lines Bullish megaphone.
Yellow lines Bullflag.
That bullish megaphone usually has a retest before going higher.
Oracle has been red now 8 straight days (52week high). but all of this was a consolidation now for an even bigger breakout which I expect to see next week. I think this breakout will finally carry us to 100 PT and a new ATH.
There was a lot of money going into that breakout of the megaphone , I think once we retest next week those buyers will step up..
Keep an eye out
(8) ORCL 11/8 Bull FlagNice bull flag set up here, watch for break above top trend line and continuation of uptrend...
Price Target = $103-105
QuickTradeBearish cross after new highs, RSI below the average as well.
Very tight stops at 97.10 or 96.2
Oracle ORCL Head and shoulders Still some juice left in this oracle Action. Squeeze it while it last.
$ORCL real strong into the weekReally strong push into math on Friday, will look for continuation this week.
How To Enter A Pullback In A Trend
Enter when these confluence factors are present. There is a Trend, Level, and Signal.
Trend:
Up
Confluence Factors at the Support Resistance Level:
Close Price 96.31
EMA 10 Close Price 96.24
50% Fibonacci Retracement Price 96.15
Horizontal Support Price 95.99
EMA 20 Close Price 95.31
Signal:
Rejection Candlestick
Oracle They'll get there 100$ price target fall back to megaphone breakout and retest. next rejection should come at 98.50 with a pullback to 96.75.. Wedge (Yellowlines) are getting tighter. I'll wait for the next rejection at 98.50 for the short entry.
ORACLE CORPORATION : CMP 97 Oracle Corporation good st current levels .... Stock completed correction on 4 hour chart pattern...stock expected to run 30-40 percent in next one year...
Potential Local Top on OraclePotential local top already at $96.80 or soon on Oracle.
Let's see what happens here.
ORCL 🚀🔥😲 Elliott wave analysis Daily ChartAbout Elliott wave, after a clear beautiful 5 wave move of wave 3 and each leg have nice 5 wave advance, and currently we made a 4 with clear abc correction mark the low then gain strength. As we can see we in wave 5, after wave 1 we have a nice correction look like wave 2 retest wave b and w formation and broke through last high, we quite confident that now we are in 3 of wave 5.And target We can take target zone of Elliott wave and take profit like above chart.
About ichimoku tenkan sen and kijun sen up, kumo up, chikou span break consolidation, everything is bullish, further more last correction was supported by kijun sen and kumo, so high possibility that price will go up. And target zone of ichimoku quite fit with Elliott wave target like chart above you can take it too.
If you have any questions or tickers you want me to take a look comment below.
$ORCL LT Breakout, Bullish Options Flow$ORCL Long-term Breakout on Weekly Chart - look for a close above $91 this week for confirmation.
Unusual options activity today...
$11M in Jan'2023 deep in-the-money $30.00 LEAP calls bought today (11x open interest)
Medium term target: $100-$104 range by early December
Note: This is NOT investment advice. Educational only.
Oracle Next leg downDivergence on MFI and RSI daily. Oracle is a strong stock but I doubt we breakout of the megaphone during this correction.
Entry below 91$
Stop loss 93$
Strong visible support near 88$ so that's where I'll make my first target.
second target is megaphone bottom around 83$
ORCL ramping for 100Beautiful ascending triangle forming here. For "reasonably priced tech" (along with HPQ, CSCO) ORCL is a pretty good deal with it's ~~20 pe. give it a few weeks.
Oracle 1hr Failed pennant Failed pennant . 2 day in a row can't close above 92$
90.10 is strong support here but if it breaks below that would be a double top and then 89$ would be the Next target
Also noted , riding right under RSI divergence on daily . MFI on daily has also been lifeless
Shooting Star Bearish Reversal Pattern Visible on the DailyIf the daily closes like this that will be a confirmed Shooting Star Candlestick Reversal Pattern visible on the daily and that will be a signal for future downside. Of course the market hasn't closed yet and this is simply and aggressive early entry into this potential future position.
I think we will make about an 80 percent retrace or test the 200 day moving average as a bearish target.
Local recovery for Oracle. ORCLVery short term outlook in this idea in an otherwise bearish tangent. Oracle Pivoted a while ago without yet establishing the lowest of lows.
Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave/Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to remember that this is not financial advice, and we never give financial advice on this channel. It is your job to create or seek out your own. Good luck out there and be smart!
Oracle Heralding its Fall. ORLCMassive Divergence on the monthly. Impulse, it seems, is out of most of the steam and we are turning around. How low are we going to go? Fibonacci gives us some viable goals and we included three.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
