Potential Local Top on OraclePotential local top already at $96.80 or soon on Oracle.
Let's see what happens here.
4ORCL trade ideas
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!
ORCL : Oracle Next steps ?the trend is bullish, a range phase bteween 07/22 and 09/13
the Price break the limit inferior of this range, the chinkou span also, but today candle is a signal to re- integrate this range.
if we break on closur the kijun (86.28) is a signal of the weakness of the trend.
$ORCL with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ORCL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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Stock | Oracle CorporationStock | Oracle Corporation
Wait for Breakout at price level $89.55
Enter the market after the retracement..!
ORCL - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NYSE:ORCL breaks up the Daily Resistance line at $91.00 (with a WHOLE DAILY Candle) !!
Thanks for the ride ORCL! See you on the other side...See you on the other side of the blue lines.
You have had a phenomenal run those past 12 years! and that killer sprint at the end?!?! PHENOMENAL... really broke those blue tapes!
And now you're feeling tired... over-extended... take a break. I'll do the same. We will catch up in a few months!
P.S. - Please take the white path and not the red.
Pullback due(Not Financial Advice)
Relative Strength Index is showing the ORCL is overbought which usually indicates that a correction is due to come in the following days or weeks.
How much the correction 'should' be no one knows. Correction that is in control is between 15-20%, depending on your own risk tolerance this may fall in or out of your range.
Do what you need to do for yourself and your circumstances this is general advice.
(Not Financial Advice)
Oracle short back to 86Could be forming a bullish ascending triangle but the next leg is bearish. no matter how high spy and qqq went , oracle couldnt get over to 89$. Short back to 86 and cover
Oracle IMOSimple and Clear trendline in my opinion. I don't really think the tech sector would continue to perform like how it did in 2020. Very soon we should see a pullback. Oracle is a good stock to engage some shorts if you don't want too much risk.
A break above or below for ORCLNYSE:ORCL A break above or below could decide its direction leading into tomorrow (7/15)
Oracle , pullback is dueRsi has room still to go and volume is strong, but Money and bollingerbands say a pull back is due. Im waiting for a break in the yellow trendline in combination with a reversal candlestick. Short to split channel (Greenline) which should be around 85$. if it bounces cover.
