ORCL trade ideas
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
Oracle: next goal 72.59$
Oracle is in a faultless trend since 2009. There are no bearish signs in long term. In a short-mid term I have found a goal to be achieved in a middle term: 72.59$
ORCL, FIRE Setup. Watch for breakout for 5th Wave, Bull FlagPerfect 4th wave retracement, Bullish flag forming while RSIs are low
ORACLE DAILY ANALYSISHELLO
Hi friends
the graph shows that this market will experience an uptrend with a high probability
$ORCL with a bullish outlook following earning releaseThe PEAD projected a bullish outlook for $ORCL after a positive over reaction following its earning release placing the stock in Drift B
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ABC BullishSeems this undervalued company has issues getting going and staying going (o:
A few Rising wedges slowed it down a long the way, but appears to be recovering from it's last fall and short interest is low.
NV and OBV are both high showing interest..
Stop is often placed under C..
ABC is a measured move pattern. There is also a bearish ABC pattern and the target is D. It is a correction pattern within a larger pattern as a rule C can not be under A or you are looking at another pattern.
Just an observation...trade safely
ORCL Is PredictableSince 2009 we have seen price use the same support. Lets like to go look at $53 maybe with a DITM call few months out.
ORacle Short to 52 and then Long to 65Monthly
In good uptrend till 2029-2030
RSI in Up Zone
Nice enter always from EMA 50 on Monthly
After second test of EMA from 0.618 Fib. = 52$
Weekly
No comments- simply wait for 52.
You could short it till Q2 2021.
1 SHORT
Open 55.5
Sl 57
TP 52
2nd Phase
Long till 2024
Open 52
TP 65.5
SL 48
I'll keep an eye out.They're mostly into software and enterprise hardware.
Or rather into premium support packages and shit hardware.
But you can't deny they've been doing pretty well.
I can't see any model that would allow for them to sustain this growth. If I'm wrong I'll consider buying a dip eventually.
$ORCL - rebound potentialEvaluate potential recovery on ORCL
if GS (goldman sachs) and JPM (JP Morgan) get 360 on SPY by EOY, like they want (and they typically get what they want) then this rebound is totally feasible.
However, if we have learned anything, it is that trading based on trend and technical analysis in 2020 has uncovered uncharted territory. In order for the market-manipulators to make money, they have resorted to exacerbating their tactics in retail, and they are winning. This creates a bumpy road for average/new traders, who must to adjust their strategies to match the manipulation.
ORCL WEEKLY CHANNELORCL has set a perfect channel can be seen between the green lines. If it can be succeded to break the first resistance, it may target the second resistance which is the second green line. Red line is support line.
Orcl LongIt is very reasonable to say that ORCL will retest, gaining momentum from the support level and shooting for 61-62
