Oracle Corporation (ORCL) long.All description on the chart.
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ORC trade ideas
$ORCL - Lacking Value$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.
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
This is a trading school homework. I need 6 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.
