ORCL trade ideas
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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Strategy : BEARISH ABCD PATTERN
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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! :)
ABC BullishORCL fell from a steep rising wedge and looks to be recovering. Rising wedges are usually bearish and interrupts supply and demand.
Possible AB=CD pattern but D is not here yet so I call this ABC bullish.. If you think you have an AB=CD pattern, use the magnet and move leg AB to over C.
AB=CD is a reversal pattern that helps you identify when the price is about to change direction. The pattern consists of three legs, with two equal legs labelled AB and CD, together they form a zig-zag shape. The retracement (from B to C) can be between 38.2% to 78.6% of the A-B leg, however, an ideal pattern has a retracement of 61.8% to 78.6%. ORCL retraced to the 0.618 on the BC leg which is where you can begin to figure out which harmonic pattern you may have. There is another pattern this could end up being so I say "possibly" AB=CD (o:
Possible stop below C, which is the thing I really like about this pattern. If it does not blast off, you did not lose a whole lot if you have your stop a bit under c, avoiding poossiblly getting stopped out by retests of C.
Targets calculated by subtracting A from B and applying fib levels.
ORCL is in a long term uptrend..
Not a recommendation..
Oracle Pulls Back After Breaking OutOracle has been one of the quieter names in tech recently, but the chart is showing signs of a potential rally.
The software giant hit new highs in December following a strong quarterly report. Importantly, its newer cloud business surprised to the upside.
ORCL then pulled back and has retraced the entire move. Friday and Monday, it held the same $60 level where it initially broke out on December 11. That price line could be especially important because the previous breakout attempt in September and October failed around the same area. Has old resistance become new support?
The bounce is also occurring at the 50- and 100-day simple moving averages (SMAs).
Stochastics additionally are showing an oversold condition.
Flipping to the weekly chart, we see ORCL’s now trying to form a bullish inside candle. That could be a potential sign of stabilization after five straight downside weeks.
Finally, ORCL trades at much lower multiples (price/earnings, price/sales) than peers like Microsoft (MSFT) and Adobe (ADBE). If its recent Cloud gains continue, investors may be willing to pay higher valuations.
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ORCLBull Flag Idea. I would Buy on breakout $64.00 with a stop loss at $62.60 and take profits at the fib extensions . If breakout is hit within the first 30 minutes of market open id wait for a break of that 30 minute high to buy to avoid possibly getting faded to the downside after open. If it takes off running at the open and explodes higher i wouldn't chase it and idea would be void
ORCLORCL 1/12/21 1D Time Frame
Scenario 1:
Stochastics is currently at over sold levels ready to move up however MACD shows bearish signal with histogram confirming more bearish momentum. Price could go lower around 50ema area and (1)bounce back to a bullish move, (2) consolidate side ways then move up. Keep a tight stop loss just below the 50ema incase support breaks.
Scenario 2:
The 50ema support does not hold and price goes down to channel bottom area before moving up again.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Trendtrade in ORCLORCL is in a clear uptrend. MACD H made a new high, so we can expect the next move to reach or expand the old high of 66$.
MACD H < 0 and ticks up.
Price 63,47$
Target 68$
Stop 61,78$
R:R 2,68:1
