Keeping an eye on ORCL in the next few days. Price is squeezing inside a falling wedge. I would love to see price breaking above the trendline and 67.50 level. Can possibly long there towards 70
Beautiful descending triangle pattern. For the downside scenario, price must break below 69 which has been strong. Below that we might see an acceleration to the downside towards 64 A break above 71.54 could have price moving towards 74 Keep both directions in play
Oracle shares rise on better-than-expected earnings report - CNBC My thought process on this idea is the following: 1) 10yr yield @ 3.33 2) Strong dollar 3) Fed potentially raising .75 basis points, according to J.P. Morgan. Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right...
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
We bounced off it last week and I am pretty sure we are headed back there. The trigger for the 50% on the month is also around our weekly trigger for a 3-2-2d. 4/29 $74 contracts have 3800 volume .
Watching ORCL for the trigger around 78.85. This gives us the #sss50percent rule trigger for the month. Target 73. Remember as a monthly target, this contract may need some time. Looking on the week, we already started the 3-2.
$ORCL Analysis, Key levels & targets Alright… Here’s the ORCL battle plan --- looking to start a position at 79.17 And then all of the targets below are add levels… I’m really looking forward to this one 😏 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on...
You can buy ORCL target 99.8 stop loss 84.35 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
Nice hammer doji on the daily signaling a possible reversal. Bouncing nicely off historical support. Looking for a move back to the supply zone for a nice ~4% move. Time horizon ~2weeks.
$ORCL Key Levels & Analysis No position here yet… but looking to targets 2-3 for a starting position as see where it goes from there…. Will update when I take a position… —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at...
Not sure of the reason, may just be because it's over-extended. Or could be that they own Javascript which is the source of the huge hack that hit headlines today. Also was pushing 30 p/e.. (Opinion only)
IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs. Trade setup is drawn in chart. The risk-reward-ratio is above 4. Top 10 holdings MSFT (10%) CRM (9%) ADBE (9%) INTU (7%) ORCL (6%) NOW (5%) ADSK (2%) PANW (2%) SNPS (2%) WDAY (2%) Good luck.
Oracle (ORCL) reported revenue of $10.4 billion, up 6% growth YoY vs company’s guidance range of 3% to 5%. Street consensus forecast was $10.2 billion. ORCL quarterly earnings of $1.21 per share VS Consensus Estimate of $1.11 per share. Earnings surprise of 9.01%. My price target is 100usd, similar to Citigroup`s.
Keep an eye on $ORCL if it can push over the PM highs with power, it could be a Gap & Go candidate!
About Elliott wave, after a clear beautiful 5 wave move of wave 3 and each leg have nice 5 wave advance, and currently we made a 4 with clear abc correction mark the low then gain strength. As we can see we in wave 5, after wave 1 we have a nice correction look like wave 2 retest wave b and w formation and broke through last high, we quite confident that now we...
$ORCL Long-term Breakout on Weekly Chart - look for a close above $91 this week for confirmation. Unusual options activity today... $11M in Jan'2023 deep in-the-money $30.00 LEAP calls bought today (11x open interest) Medium term target: $100-$104 range by early December Note: This is NOT investment advice. Educational only.
Very short term outlook in this idea in an otherwise bearish tangent. Oracle Pivoted a while ago without yet establishing the lowest of lows. Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave/Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to...