Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom.
If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble.
I would trade this carefully since it is making new highs and can fall from a sell off and profit taking.
Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off.
Trade Responsibly.
#TradeTheWave