Oracle short back to 86Could be forming a bullish ascending triangle but the next leg is bearish. no matter how high spy and qqq went , oracle couldnt get over to 89$. Short back to 86 and cover
ORCL trade ideas
Oracle IMOSimple and Clear trendline in my opinion. I don't really think the tech sector would continue to perform like how it did in 2020. Very soon we should see a pullback. Oracle is a good stock to engage some shorts if you don't want too much risk.
A break above or below for ORCLNYSE:ORCL A break above or below could decide its direction leading into tomorrow (7/15)
Oracle , pullback is dueRsi has room still to go and volume is strong, but Money and bollingerbands say a pull back is due. Im waiting for a break in the yellow trendline in combination with a reversal candlestick. Short to split channel (Greenline) which should be around 85$. if it bounces cover.
ORACLE! WHATS NEXT?Oracle is rarely this extended above the 50MA close. Will Wall st see how far they can take it before selling it off after the dividend? A pull back seems likely if it wants to see the 90s and possible 100 range. NYSE:ORCL
$ORCL Bullish candlesticks pattern Targeting 90.53 bullish candlesticks with higher volume suggests bulls entry targeting 90.5 the top of the channel . 83.5 strong resistance and stops below 75
ORCL another clean breakout.I like ORCL on a pullback to the green box. I find the 886 measured like this to be a high probability entry zone after a breakout. Stops would be below the green box and targets would be the fibs above. I do not plan to chase this.
ORCL ShortDouble Tops
Short 83
Stop 85.5
Target 65
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
$ORCL - looking good, but doesn't make senseThis could explode up or wait a week and then explode up. It has strat 2,1,2 reversal pattern and other indicators.
ORCL with a decent Move Fri June 25thshowing a strong morning, lunchtime retracement and close of the day volume and price surge-
will there be continuation on Monday? Did peer stocks have similar action?
NYSE:ORCL
oracle stock will crash !oracle stock will go down for the next weeks to come....
only sell for oracle till the next big support.
ORCL POST ER runORCL Daily TF
Previous post er moves highlighted in the chart, nice gap fill at 81, currently sitting at the bottom of the channel with lots of upside to run.
Targets: 85, 91, 100
$ORCL with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ORCL after a Negative under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Oracle earnings previewActually fell out of the rising wedge (Whiteline) into a pennant(Yellowline), broke out of the pennant and got rejected trying reentering the wedge. Found support on pennant top.
I would be very surprised to see this stock hit new highs on earnings. Usually when a stock has a massive run up before earnings like this stock did with a 60% gain since 2021 they rank even with a earnings beat. Just look at MSFT earnings aftermath.
I think we'll see a dip back to .5 fibonacci at around 70$ and consolidate.
Let's see.
ORCL LONGAnalysis: $ORCL - Oracle is an information technology company and makes all sorts of products and services. Fundamentally ORCL is worth upwards of $170/share when compared to its industry peers. Technically ORCL is finishing a wave 4 correction, and should see a nice bull run again to catch up. Look for a break over $79.50 for your initial long entry, with additions on breakout confirmation over $81.00. Play invalidates under the uptrend line.
Key Levels to Watch
Breakout Level: $32.50
Resistances:
R1: $80.65
R2: $81.00
R3: $84.00
R4: $86.15
Supports:
S1: $78.70
S2: $78.15
Ways to Play:
June 18th calls have the highest open interest as well as Jan 21st of 2022. Look for a strike near or in the money.
Shares are also safe
