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ORCL trade ideas

ORCL, Crucial, Massive Double-TOP, BEARISH-Triangle Setup!Hello There! Welcome to my new idea about ORCL. In recent times ORCL already increased with heavy bearish determinations towards the downside as it printed this massive bearish momentum spike candle forming a -15% dump and liquidating almost over 100 Billion positions. Such crucial bearish inclinations should be never underestimated because especially in a time in which the stock market is forming several mixed determinations it is necessary to consider such stocks as ORCL as potential short-side stocks, especially with continued bearish momentum. This is why I have analyzed the main underlying dynamics within the analytics backend to consider to most prevalent crucial dynamics in this current market. As when looking at my chart ORCL continued to emerge with the major -15% dump from the most severe upper 125 resistance level from where it already pulled back towards the bearish direction in the past. Now, as ORCL emerged with these bearish spikes towards the bearish directions it moved below the previous support levels at 114 and marked several crucial lower lows below this level exaggerating the bearish momentum especially as these previous supports are now major resistances. Furthermore, ORCL dumped below the main 100-EMA and 200-EMA, these two EMAs are now major resistance levels together with the 114 resistance indicating that there is not of a lot possibility for ORCL to turn around and move above these crucial resistances again. On the bigger global scale ORCL has completed a major double-top formation breaking below the 114 area as marked in my chart, especially as the second top has formed with this accelerated bearish momentum this double-top is the most prevalent formation within this whole determination. Furthermore, now that ORCL has dumped below the main levels it is forming a confirmational triangle formation below the 114 level and this triangle formation is about to be finalized within the next times. The triangle formation will be finalized with ORCL dumping below the lower boundary of the formation as marked in my chart and once this breakout has shown up this is going to be the origin of the wave-C extensions towards the downside. With the completion of the double top and the bearish triangle formation, ORCL will have set up a doubled bearish ABC wave count. Taking all the major prevalent determining factors into consideration here it has to be mentioned that ORCL is in a crucial bearish development that has the ability to increase with the bearish momentum acceleration every time soon especially as ORCL already confirmed several main bearish determinations here. The completion of this major bearish momentum acceleration is going to form the next -15% dump into the targets of 95 and investor's open interest turning into a bearish sentiment is likely to increase this dynamic to an accelerated determination. It has to be mentioned that not every stock within the market is so bearishly inclined like ORCL, this is why this formation within ORCL is important right now. Such determinations can offer important hedge potential opportunities when considering a total-return approach considering other assets like the DXY and bonds are up, this is going to be an important bearish indication for ORCL as well. In this manner, thank you everybody for watching my analysis of ORCL. Support from your side is greatly appreciated. VP
NYSE:ORCL
by VincePrince
9
ORACLE: Sharp correction may turn into a 1 year buy.Oracle is having a sharp sell off during September, the strongest since September last year (2022), which formed the market bottom. It is almost oversold on the 1D technical outlook (RSI = 30.957, MACD = -2.920, ADX = 37.867) with the price approaching the 1W MA50, which is untouched since November 7th 2022. On this 1W chart we have market the time of a 1W MA200 breach that was followed soon after with a strong rebound. Our trading strategy is to enter a long term buy and hold on the 1W MA50 and if by any chance (unlikely) tests the 1W MA100, then unload the rest of longs there. This will be an ideal long term buy opportunity (TP = 130.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:ORCLShort
by InvestingScope
3
ORCL Entry, Volume, Target, StopEntry: with price below 127.54 Volume: with volume greater than 27.5M Target: 141.39 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 127.55, 120.62 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:ORCLLong
by tradepatiently
8
ORACLE DISCOUNT GET IT WHILE ITS HOT !!!ORCL buyers failed to make a decisive breakthrough at its recent pre-earnings highs. As such, sellers have defended ORCL's June 2023 resistance level of $127 resolutely. The surge toward its recent highs suggests that late buyers rushed in, anticipating a more robust outlook from management, but it didn't transpire. Im expecting price to buy at one of the purple highlighted levels . im long on the first level and if that dont work you know close and try again
NYSE:ORCLLong
by Bekiumuzi_Dube
ORCL show an engulfment patternORCL show an engulfment pattern This chart shows the weekly candle chart of Oracle's stocks over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, the high points of Oracle's stock in June of this year and this month formed a small level double top shape, and were suppressed by the 3.414 digits of the golden section at the bottom of the figure! Although the weekly chart of Oracle's stock has not yet closed, it has now shown a large-scale engulfment pattern, completely engulfing the gains of the past three months!
NYSE:ORCL
by Think_More
Oracle Corporation (‘ORCL’)Oracle Corporation (symbol ‘ORCL’) share price managed to make around 14% in profits in the last 3 months managing to stay positive in performance.The company’s earnings report for the fiscal quarter ending August 2023 is expected to be released on Monday 11th of September. The consensus EPS is $0.90 compared to the same quarter of last year at $0.81. ‘ The company has seen better days in terms of financials since as of 31/05/2023 the current ratio was at 91% meaning that the company did not have the ability to repay its short term liabilities with the current assets at hand. At the same time the total assets were around $134 billion while the total liabilities were around $133 billion with more than $90 billion as debt indicating the fragile balance sheet of the company. ’ said Antreas Themistokleous, an analyst at Exness On the technical side the price has moved aggressively to the upside reaching a 52 -week high of just above $127 despite the bad financials in late May. Currently the price is testing the resistance of the upper band of the Bollinger bands while the Stochastic oscillator is recording extreme overbought levels possibly pointing at a correction to the downside in the coming sessions. On the other hand the 50 day moving average is still trading above the slower 100 day moving average showing that the overall bullish momentum might still be valid.
NYSE:ORCL
by Exness_Official
ORACLE on a strong bullish break-out.Oracle Corporation (ORCL) made yesterday a break and 1D candle closing above the 0.618 Fibonacci level, confirming the bullish continuation bias with a standard technical break-out. The long-term pattern is best displayed by the Fibonacci Channel and as the stock price has just completed a 1D MACD Bullish Cross in more than three months, we are expecting a Higher High. Based on the last two Bullish Crosses after bottoms, the price has always hit the 1.5 Fibonacci extension before a new consolidation. That is currently at $136.00 and is our new short/ medium-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:ORCLLong
by TradingShot
3
ORCL Textbook Bull Pennant Coincident With Index Support CatchORCL Upside break-out of a Descending Pennant. Some things to note: Hold of 50 EMA within the pattern High volume entry into the pattern with descending volume throughout Notable pickup in activity on the upside break MACD Cross coinciding with break Throwback following the upside break that tracks along the upper bound of the pattern and is halted at the 50 EMA Measuring Implications for the pennant begin with a break out of a previous resistance to the top of the minor move that begins the pattern. The resulting move applies this distance to the beginning of the breakout of the pattern. I have marked and color coded two potential areas to take into account when measuring for price targets, and marked volume POI's to justify those as start-points for their measuring. PT1: 164 PT2: 143 SL: 50 EMA Break-down Some other things going on that I observe: SPX, DJIA, IXIC bouncing following minor (representing trend, not magnitude) decline VIX 200 EMA rejection. Still cemented below 20 for now. This analysis is for future price implications of ORCL. I currently hold a position entered on AUG16. Feel free to reach out for questions, including a review of a textbook pennant. Manage Risk Only invest what you are willing to lose I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
NYSE:ORCLLong
by BarnardR
Oracle Is Oversold Despite Barely DroppingOracle gapped to record highs almost two months ago, and now it could interest some trend followers. The first pattern on today’s chart is the $114.34 level. It was both the opening price and low on June 12, the same day earnings and revenue beat estimates. The software company held that zone in late June, mid-July and again last week. Interestingly, it’s exactly $8 above the previous record high from late 2021. Has new support been confirmed above the old peak? Second, the series of lower highs has produced a descending triangle. This may create the potential for a breakout. Bollinger Band Width also shows volatility tightening. That narrower price action may result in price expansion if a breakout occurs. Fourth, the 50-day simple moving average (SMA) has caught up with the stock during this period of sideways movement. Intermediate-term trend followers may view that as a potential entry point. Finally, the stochastics oscillator has moved into oversold territory despite ORCL barely falling. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:ORCL
by TradeStation
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.
NYSE:ORCLShort
by VantageMarkets