ORCL trade ideas
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...
Next stop 47$?If we cross the last valid "2", the next upwave could start --> TP of this wave could be 47$.
The Chart weakens with Prices below 37,5$
ORCLPrice is just about to break above the longer term descending trend line. Additionally, this stock is also within hedgefunds top 50 shorted stocks in Q2 2016, coupled with a nice reverse head and shoulders I target a run up to 46 if price manages to close above the descending trend line on a daily chart.
Bullish OracleStochastic created two divergences simultaneously.
There is a ~75% chance of price following the stochastic this time.
If it does, expect the price to trade in the box given.
So be bullish on Oracle.
Potential Long-Term Gartley (WIP)This is more of a "Concept". I am a complete newbie, just looking to validate the concepts of these patterns. Please feel free to comment and critique. I would appreciate the feedback.
Oracle // Bullish Cypher @33.46$ / IF=THEN ®NYSE:ORCL
"Cloud competitors have their eyes on Oracle as the company continues to rapidly build out its SaaS and PaaS product offerings. To put this in perspective, Oracle’s human capital management (HCM) SaaS product secured three times as many new customers as competitor Workday’s similar HCM product. This focus on the cloud has led Oracle to expect approximately $1.5-$2 billion in new SaaS and PaaS purchases this year alone. Oracle’s SaaS and PaaS revenues experienced a 54% increase last quarter as a result of the shift of 95% of its services to the cloud. While the cloud has been gaining traction, it hasn’t been enough to offset weakness in Oracle’s bread and butter software licensing division, which dropped 16% last quarter. For that reason, Oracle has not been able to beat analyst estimates on the bottom-line for the past eight quarters, missing in five of those quarters and meeting in the other three. Revenues have been even worse, missing expectations in six of the past eight quarters. Year-to-date the stock has dropped nearly 15%."
Report Wednesday, December 16;
Information Technology - Software | Reports December 16, after the close.
The "community" consensus calls for EPS of $0.61, in-line with Wall Street. Revenue estimates are also quite close, with the "community" calling for $9.113B and the Street slightly lower at $9.094B.
Safe trades;
ORCLTaking a stab at buying ORCL based on a daily and weekly chart.
Ultimate target is $40. I am hoping this 15 minute chart will move in that direction.
ORCL- Undervalued and UversoldWatch ORCL ..... this stock is currently classified as an undervalued stock because it has an intrinsic value around $47.34 based on Vuru Analysis, all technical indicator that I used (Stoch,CCI and MACD) show that this stock is in condition of oversold. Wait a good momentum to buy.
ORACLE: Daily MonitorWe appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part of it with your "I Like"... Thanks you!
SignalSuisse
www.nonsolotrading.com
(LIVE TEST) - STEVE PRIMO #4 SETUPS (DAY 7)HLF - Triggered Long Yesterday. watch if it walks up to the target.
ORCL - Showed up on my scan, Not here. Gotto check where the mistake is.
PG and UPS - two fresh short setups
Bullish On ORCL1. Bullish Engulfing+Bullish Divergence
2. Bounce on Fibs 61.8
3. Primary Trend Sideways
4. Intermediate : Bullish, Minor Bearish
ORCL - wisdom in strategy selection meritedPotential Bull call Dec position looks attractive after break of $39.50. Both Strikes OTM below $42 would seem logical.
I think the movement will continue within current trends.I think the movement will continue within current trends.
