Daily chart of ORCL
ORCL formed a large gap when it fell from a double top formation. It wasn't able to fill the gap in its first attempt. It couldn't pass the resistance level of 115 despite five attempts (14-20 Sept).
After bouncing from 105 support level (this was the last peak in Dec 2021), ORCL is attempting to fill the large gap again. It will face stiff resistance at 115.
In the unlikely chance that ORCL crosses this resistance level, it will barely reach 120 since the large gap was formed after a double top and will act as a strong barrier.
ORCL formed a large gap when it fell from a double top formation. It wasn't able to fill the gap in its first attempt. It couldn't pass the resistance level of 115 despite five attempts (14-20 Sept).
After bouncing from 105 support level (this was the last peak in Dec 2021), ORCL is attempting to fill the large gap again. It will face stiff resistance at 115.
In the unlikely chance that ORCL crosses this resistance level, it will barely reach 120 since the large gap was formed after a double top and will act as a strong barrier.