ORC trade ideas
BUY! Hey guys,
Buy on Orcle! This stock as a nice strong uptrend. It has closed it's window and the MACD has triggered an "buy".
I will buy in at market open after labor day!
Have a good 3-day weekend!
Oracle ORCL American Stock long bias at weekly demand zone 45.50Oracle ORCL American Stock long bias at weekly demand zone 45.50. Waiting for a retracement at weekly demand level in order to go long on this american stock
ORCL's pullback
After bullish breakout, ORCL began to pullback and will eventually show a trading opportunity at $46 - $47.
ORCL on the move...Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50.
This morning, ORCL dropped below yesterday's low but quickly got back up above that low.
If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.
Who likes Oracle right now? "Pick Me! Pick Me!"Ok, my thoughts on ORCL:
MACD bullish cross
ParabolicSAR just fired long
BB are inside KC creating a SQUEEZE on Daily ( 4 hour chart Squeeze has already fired LONG)
Price is above the 21 EMA
50 & 200 EMA are pointing upward
Volume increasing on the upward price movement
XLK Sector has fired long.
Need an Oracle to decide which way!Possible double top, 4th wave triangle or push through
The Fourth Wave Conundrum and Pseudo-certainty in play.
Nothing is for certain in this instrument. It's therefore not an object for investment right now.
Does that mean the analysis is in vain. NO!
It gives us the opportunity , when uncertainty is resolved we will with high probability know what will happen and the we invest.
The options:
Double top and 19'ish as target,
Triangle wave 4 for a while,
A push through and a possible EW target of 55'ish for the 5th wave - Harmonic target is a little higher. If this 3rd option play out we would also see divergens eliminated. But the instrument is now in overbought territory .... so on the edge.
Stay Sharp on Charts at:
The WALLST Scalper
BUY SETUPLooks like typical triangle pattern in 4th wave.
Therefore I expect continuation move to upside.
A Big Boy Oracle For The Bucket? Well, it looks real... Oracle is already traded the highs, technical the stock is distributing. So It is question of whether we upthrust or we go straight through the Ice. Not one I want to bet on...
