Oracle Corporation (ORCL) made yesterday a break and 1D candle closing above the 0.618 Fibonacci level, confirming the bullish continuation bias with a standard technical break-out. The long-term pattern is best displayed by the Fibonacci Channel and as the stock price has just completed a 1D MACD Bullish Cross in more than three months, we are expecting a Higher...
Oracle - 30d expiry - We look to Sell a break of 112.98 (stop at 118.98) Daily signals for sentiment are at overbought extremes. Trades with a bearish descending triangle formation. 113.43 has been pivotal. A break of the recent low at 113.43 should result in a further move lower. The bias is to break to the downside. Our profit targets will be 98.98 and...
ORCL may not be joining the technology stock parade. Although it ran up on the 2H chart with a good 30% rise between earnings. the MACD indicator showed a double top. On the retracement, the price descended but then stalled. It came up short of a 40-50% retracement and went sideways into a flat top triangle. The MACD indicator has been with a negative red...
Oracle is on a correctional wave inside a larger parabolic trend. As long as the price is inside the Channel Down (correction wave), sell and target the 1day MA100 at 106.85. If the price crosses over the Channel Down, buy and target the 1.236 Fibonacci level at 130.50. Follow us, like the idea and leave a comment below!!
NYSE:ORCL If the price of ORCL breaks above the bullish line of $118, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $119.84. Conversely, if the price of ORCL breaks below the bearish line of $114.34, it may suggest a bearish signal, implying potential downward price movement. In...
If you haven`t bought ORCL here: Then analyzing the options chain of ORCL Oracle Corporation prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.65. If these options prove to be profitable prior to the earnings release, I would sell at least half...
📈Chart Pattern: Cup and handle & All time high 🫵Perspective: Long 💔Stop loss: Breaking $ 99 NYSE:ORCL SKILLING:NASDAQ AMEX:SPY
- ORCL is in a rising trend channel in the medium long term. - ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range. - There is no resistance in the price chart and further rise is indicated. - In case of a negative reaction, the stock has support at approximately 90. - RSI diverges negatively against...
ORCL recently broke out and is overbought here. If you study the stocks history it respects FIB as support and resistance and always "checks back" after breaking through before consolidating and going higher. For a short term scalp trade targets are $91.41 and $89.83
- ORCL shows strong development within a rising trend channel in the medium long term. - It also gave positive signal from the double bottom formation at the break up through the resistance at 79.52. - Further rise to 96.32 or more is signaled. - ORCL has broken a resistance level in the short term and given a positive signal for the short-term trading range. -...
Oracle - Expires 17/4 (30d) - We look to Sell a break of 81.98 (stop at 85.22) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Broken out of the channel formation to the downside. Previous support at 86.00 now becomes resistance. A break of the recent low at 82.04 should result in a further move lower....
Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42) Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon. The bias is to break to the upside. The primary trend remains bullish. Preferred trade is to buy on dips. The 1 day moving average should provide support at 86.40. Posted...
Shares in Oracle Corporation (symbol ‘ORCL’) have been trading in an aggressive bullish momentum for the last 5 months. The company is expected to report its earnings for the quarter on Thursday 9th of March. The consensus EPS is $0.95 compared to the result for the same quarter last year of $0,94. ‘Oracle’s payout ratio is around 40% indicating that the...
Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the...
Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66...
Not following the company's fundamentals or anything, just general market sentiment and macro along with obvious signs on SPY's head and shoulders. The pile up into safe dividend stocks & the additional pump done by dividend distributions on tech stocks which caused the recent 2-3w tech rally is over. The top is in for tech stocks and the price is about to be...
Looking like a good setup at it has gotten rejected at the price trendline several times. It will be interesting to see if it breaks the RSI daily trendline and comes back down to the golden pocket on the daily chart first, and then possibly going down to the lows. The weekly is above the 50 on RSI, but it went up rather fast. I could see a pull back even if it...
The Oracle Corporation (ORCL) broke today above its 1D MA50 (blue trend-line) for the first time since September 14. Within the long-term Channel Down pattern that the price has been trading in since January 12, this is the fastest break-out after a Lower Low bounce. Basically it resembles the fast rebound after the February 24 Low and in order for you to see the...