1ORCL trade ideas
Oracle Rising wedgeNear term I think we'll see 82.50 then a pullback to 81 before final trip to 85..
took awhile to get a good picture of what was happening here. resistance lines up on my RSI
Repeating itI posted this before as below and sharing it again since we are getting closer to where i need to build a short position.
I am going to short thisOnce it rebounds to $77-$78 range, i will short this for the target of $70.
Stop loss would be the previous high.
Oracle Tops in?Crazy run this stock has had... Overbought on all indicators and its approaching trendline resistance and with weakening vol I don't see it pushing through. Might get another green day and inch up to 77.30 -77.50. Look for the reversal candlestick.
Target is fib yellow line fib extension. 786
ORCL $72 Calls exp. 4/1Liking ORCL here to finish closing gap this week
Volume picking up and RSI heating up
Over 1,000 open interest on 72.00 calls exp 4/1
Double bottom to gap close?Completed a inverted H&S today on the 2-4 chart. It's now showing a double pattern. I'm targeting the gap close at 71.53
Yellow line was trendline dating back to 2017 that it broke thru March 5th. Fell back thru after earnings but now has risen back above it
$ORCL with a neutral outlook following its earnings #Stocks The PEAD projected a neutral outlook for $ORCL after a negative under reaction placing the stock in drift D
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ORCL holding vwapHolding vwap after a big drop, tightening as well. The closing volume on the 15m is also good to see. I'll be looking for a move up if it can hold 64+ area.
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Oracle is strong, when other tech stocks fail!Oracle, which is not a internet company, but IT company with more traditional focus, seems to be very strong the last 1-2 month and not be affected by the weakness of the internet stocks.
Oracle is also profitable and may attract now more investors, so going long is a good idea in my eyes with this stock.
Long ORCL Solid company, lots of customers and low P/E. Many not huge growth potential with new and better competitors, but it is a good value stock to own some!
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.
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Oracle long from support R/R 1/1.15Oracle is back at support and previous high from years ago, perfect moment for the next leg to go up.
ORCL wait for earning day 18 marNeeds to test level for a 3 times.
And maybe it drawing cup and handle pattern.
looking for some upside in ORCL soonbroke its downtrend resistance and looks like we started an uptrend here, long 63 stop loss 61.5 and price target 65.5! :)
