ORC trade ideas
Oracle Corporation (ORCL) short.All description on the chart.
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Oracle Breakthrough? In the beginning of the analysis, it can be noted that Oracle couldn't break through the support line given the double bottom. With the scallop raising the price, the formation of the head and shoulders gave the stock a 74% chance to drop in price in which it did in the end. With a bounce-back and a formation of a triangle, I conclude that the price will break out in an upwards trend.
Oracle - "go long"Technical Support - Channel Line
Target Price 55. Stochastic / RSI shows that it is oversold. (I would have expected higher volume)
Fundamental Support
Oracle will provide the Oracle Cloud Infrastructure to support ZOOM rapidly growing business.
Microsoft seems to go to the opposite direction of Oracle. I would expect that they will crossover again meaning that:
1. Microsoft will rise
2. Oracle will fall (this case goes against my previous considerations)
Perhaps Another chance for OracleIchimoku cloud still shows a buy at this time as price is above the cloud. However, price is approaching strong resistance and may retrace to allow another great buy opportunity. If price breaks resistance above, will also be a good time to buy this bullish stock.
ORCL Short Supply zone confirmedCondition:
1. Supply zone Confirmed
2. Up trend line break (TLB)
Entry at 52.7
Stop: 53.7 (Above trend line and zone)
Target1: 49.7; risk/reward=1:3
Target2: 44.7; risk/reward=1:8
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Does Oracle go up?NYSE:ORCL
Second candidate to buy on Monday.
The stock looks good in the market and just as AMD rose after a strong downfall. The paper gained 3.9$ in two days - quite a good result .
There is a strong mirror resistance level formed by the price gap ahead of us. Naturally, from the first time we failed to overcome this boundary on March 26. Then we tried it again on the 27th.
A false break-up made the shorts' defensive SLs work. As it should be, after the false break-down, the price went down (the price should go up, you can say fair enough, because the SLs of the shorts players have triggered. You will be right and wrong at the same time, I can tell the logic of a false breakout in a separate post if someone interesting).
It is fair to expect another close retest of $50.8 on Monday.
According that we're in "+" at the post-market, this adds to our mathematical expectation.
If the price fixes above the level, I will buy it long.
Guys, if you have any questions - just ask. )
Take care!
ORCL Hits Perfect Log ActionORCL matched the long term bottom of logarithmic action. Look for it to trade back up to $63.
1 Yr Price Target: $63
$ORCL - Consolidation for Breakout Imminent ORCL is going up... or down :) I prefer to buy this stock so I'm waiting for a strong breakout of the descending TL with my entry on the chart. My 1 year price target is at $65 if that lower TL holds.
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ORCL forming symmetric traingleIf bulls break the upper side of the triangle then it is obviously a large breakout that can happen
ORCL getting stuck againORCL hasn't been able to push past the daily resistance level but looks like its finding support again. Watching momentum.
Potential buy signal on ORCLWatching the 14MA and SAR after sell off from earnings, looking for confirmed buy on momentum indicators.
Price target on chart.
$ORCL Trade setup for OracleEntry level $57.4 = Target price $61.63 = Stop loss $55.73
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates on June 16, 1977 and is headquartered in Redwood City, CA.
