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ORACLE CORP. DL-,01ORACLE CORP. DL-,01ORACLE CORP. DL-,01

ORACLE CORP. DL-,01

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ORC trade ideas

Oracle earnings previewActually fell out of the rising wedge (Whiteline) into a pennant(Yellowline), broke out of the pennant and got rejected trying reentering the wedge. Found support on pennant top. I would be very surprised to see this stock hit new highs on earnings. Usually when a stock has a massive run up before earnings like this stock did with a 60% gain since 2021 they rank even with a earnings beat. Just look at MSFT earnings aftermath. I think we'll see a dip back to .5 fibonacci at around 70$ and consolidate. Let's see.
NYSE:ORCL
by ContraryTrader
ORCL LONGAnalysis: $ORCL - Oracle is an information technology company and makes all sorts of products and services. Fundamentally ORCL is worth upwards of $170/share when compared to its industry peers. Technically ORCL is finishing a wave 4 correction, and should see a nice bull run again to catch up. Look for a break over $79.50 for your initial long entry, with additions on breakout confirmation over $81.00. Play invalidates under the uptrend line. Key Levels to Watch Breakout Level: $32.50 Resistances: R1: $80.65 R2: $81.00 R3: $84.00 R4: $86.15 Supports: S1: $78.70 S2: $78.15 Ways to Play: June 18th calls have the highest open interest as well as Jan 21st of 2022. Look for a strike near or in the money. Shares are also safe
NYSE:ORCLLong
by TheTomikazi
1
Stunner: Oracle Breaks Out as Peers LanguishSoftware companies have lagged this year as investors focus on cyclicals like energy and financials. But one unexpected name is breaking out: Oracle. As covered previously, strong earnings lifted ORCL to new highs in December. It then pulled back to old resistance and bounced. This week, its shares are closing above their previous all-time highs. Two technical patterns stand out today. First, notice how ORCL broke above $64 on February 22. The stock barely pulled back in subsequent sessions, even as the broader S&P 500 dove to a three-week low. Second is ORCL’s relative strength compared to the broader technology sector. Both of these trends are signs of accumulation. One positive catalyst is ORCL’s improving momentum in cloud-computing, which prompted analysts to raise price targets after last quarter. Now buyers are re-engaging with another set of numbers about two weeks away. The company’s lower valuations may also provide some shelter against higher interest rates. ORCL trades for just 14 times forward earnings and 5 times revenue. Other big names like Salesforce.com and Adobe (which have gone half a year without hitting new highs) trade for at least 3 times more. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:ORCLLong
by TradeStation