ORC trade ideas
Cup & Handle Breakout? Can Oracle break out?
I would think this stock falls in to the value category especially in the tech sector if I were to guess but it keeps chugging along. Oracle missed revenue on it's earnings in early June but did not go down an awful lot. If you look at the 20 year monthly the stock is definitely in a slow and what I consider, safe up trend.
Possible Breakout at 56
Stop at 50.5
Target 1: 62 to 69
Target 2: 76 to 82
Just an idea and I feel the stock is undervalued.
Oracle forming Ascending triangleORCL forming Ascending triangle pattern
Disclaimer: This is not an advice to buy or sell!!
The older the fiddle, the sweeter the tune. What about stocks?Here’s a Thought! 19 June, 2020, by Vladimir Rojankovski, Head of analytical dept., Grand Capital
Recently Oracle (ORCL) reported quarterly financial results, where revenue fell slightly short of the consensus forecast, which the company inadvertently explained by delays in commercial deals caused by coronavirus.
For fair valuation, many analysts focused on the sales position of Oracle's autonomous database and its public cloud OCI-Gen2 (ou-see-ai generation two).
Several investors raised the target price for Oracle from $44 to $48, remaining cautious due to "more significant difficulties in promoting cloud technology" compared to Amazon (AMZN) and Microsoft (MSFT), which are more actively promoting their projects in hyperspace. At the teleconference, the company also noted that Oracle's entire annual capex for cloud technology is approximately equal to one month of Microsoft's capex.
It is true to say that the older the fiddle, the sweeter the tune. Especially given the fact that some old fiddle tunes are hardly audible.
ORCL LONG OR BUY , TARGET UP TO $68ORCL prepares to confirm the great "SHS" model at $56, a good opportunity to buy.
ORCL BUY : $56
TARGET : $68
STOP LOSS : $52.5
Wish you good deals!
Oracle - ORACL Technical AnalysisIf both resistances 55 and 55.6 USD will be broken it can be seen as a buying signal otherwise prices will be moving inside the channel. In conclusion, wait before going long or short (if the resistance will not be broken)
Oracle — Shares of the technology company dropped as much as 5% in extended trading after the company released its fourth-quarter earnings. Oracle reported earnings of $1.20 per share excluding some items on revenue of $10.44 billion, while analysts estimated earnings of $1.15 per share on revenue of $10.65 billion, according to Refinitiv. “Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases,” Oracle CEO Safra Catz said in a statement.
ORCL longaccumulation in OBV
Oversold in stochastic
Higher than usual buy volume
fibo levels
support and resistance levels
$ORCL Pre Earnings look at Oracle
Stock is range bound for several months.
Levels to consider-
-$51 major pivot point and a possible short alert below.
-$53.25 Confluence of resistance from 20 & 200ma's, possible long above.
Indicators are rolling over so short term bearish,
ORCL is a value stock so may hold up well during any market weakness.
Oracle Corporation (ORCL) long.All description on the chart.
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Thank you.
$ORCL - Lacking Value$ORCL
There are a million other cloud/tech companies who have yet to reach their highs from 3 months ago that may be a better look than this one.
That being said, $ORCL seems to be a safe haven if you are looking to park some money, snag some dividends or buy enough where you can start selling covered calls and not have to worry about being assigned. (Infinite money flow) ;)
We are about a dollar away from reaching back to pre corona levels anl that I can really find that $ORCL has done is get into a contract with $ZM. If you insist on playing this, I would wait for a breakout over 56 and use 55 as a stop loss.
I would encourage you to research some other SAAS companies that have bigger and better potential then this.
ORCL - Inverse HnS and Earnings Coming UpTake a look at this chart for ORCL - long term consolidation pattern and an inverse HnS has formed. A break below the right shoulder would invalidate this trade to the upside. I plan to buy commons as well as calls out to August.
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Long ORCL Expecting a continued uptrend following the channel. Opened some calls today at $53.5 strike. Currently up +25% as of market close 06/02, will continue holding to see if it can break key support levels at 53.85
ORCL Long, Using "MM_UpTrend_Buy" to find Buy opportunityAdd "MM_UpTrend_Buy" -- See linked script;
Add EMA(144) and EMA(377) to show a dynamic support Zone;
Entry: 53.3
Stop: 51.7; when Below EMA144 and EMA377
Target: 60; risk/reward=1:4
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
ORCL Bullish above 53.00ORCL has made great moves within its longer term bull flag and has formed a nice hidden bullish divergence early which led to a bullish triangle that I believe will be the setup for bullish breakout of trend! The new triangle support giving us a good place to be bullish above and working with our bullish expectation for the bull flag breakout.
