Oracle is on a bearish 1D technical outlook (RSI = 31.499, MACD = -1.720, ADX = 20.020) almost oversold as (with the exception of Aug 29th-Sep 11th) it is trading inside a Channel Down and the price is almost on its bottom. The 1W MA50 may make contact with the price there. This is a buy opportunity regardless (RSI oversold) and our target is the top of the...
ORCL
Was in an uptrend the 1st have of 2023 topping out in June 2023.
Price then started to move sideways and formed a what looks to be a M top pattern.
Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short.
Entry: 110.07
Stoploss: 116.48, -5.82%
Target #1: 85.00, +22.78%, 3.91 RR...
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...
I see massive bullish potential. A lot of profit potential. A lot of open interest on some of the calls. It is looking like a reversal on the weekly and daily chart. Beautiful setup.
Hello There!
Welcome to my new idea about ORCL. In recent times ORCL already increased with heavy bearish determinations towards the downside as it printed this massive bearish momentum spike candle forming a -15% dump and liquidating almost over 100 Billion positions. Such crucial bearish inclinations should be never underestimated because especially in a time...
Oracle is having a sharp sell off during September, the strongest since September last year (2022), which formed the market bottom. It is almost oversold on the 1D technical outlook (RSI = 30.957, MACD = -2.920, ADX = 37.867) with the price approaching the 1W MA50, which is untouched since November 7th 2022.
On this 1W chart we have market the time of a 1W MA200...
Entry: with price below 127.54
Volume: with volume greater than 27.5M
Target: 141.39 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 127.55, 120.62 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
ORCL buyers failed to make a decisive breakthrough at its recent pre-earnings highs. As such, sellers have defended ORCL's June 2023 resistance level of $127 resolutely. The surge toward its recent highs suggests that late buyers rushed in, anticipating a more robust outlook from management, but it didn't transpire.
Im expecting price to buy at one of the purple...
Hi GUYS this is TUTORIAL post : you see how you could use pure technical chart for scalping though. that is clear 108 ---110(even number) is nice high potential zone for getting a bounce .......as of now you see this bounce is occuring ....always in gap filling area and in convergance of strong trend lines you are able to find high long probability setups.... THE...
ORCL show an engulfment pattern
This chart shows the weekly candle chart of Oracle's stocks over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, the high points of Oracle's stock in June of this year and this month formed a small level double top shape, and were suppressed by the 3.414 digits of...
Horizontal trading channel that is neutral until broken.
Possible overvaluation concerning AI causing drop but not sure.
Spinning top/Indecision/Hanging on the support line today.
No recommendation
Looking for a pullback/Correction here post earnings..
Price of this Stocks is 7% away from its 21ema. Last 2 times the price has been this Extended Oracle usually correction back to 21ema within days.
4hour CCI and MFI overbought
Showing a bearish rising Wedge formed from its 5% leg up last week.
Stop loss -128
Target 118-121
Bulls will see a handle...
Oracle Corporation (symbol ‘ORCL’) share price managed to make around 14% in profits in the last 3 months managing to stay positive in performance.The company’s earnings report for the fiscal quarter ending August 2023 is expected to be released on Monday 11th of September. The consensus EPS is $0.90 compared to the same quarter of last year at $0.81.
‘ The...
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...
ORCL Upside break-out of a Descending Pennant.
Some things to note:
Hold of 50 EMA within the pattern
High volume entry into the pattern with descending volume throughout
Notable pickup in activity on the upside break
MACD Cross coinciding with break
Throwback following the upside break that tracks along the upper bound of the pattern and is halted at...
NYSE:ORCL Just successfully retested after breaking out of it's textbook triangles. I entered at $115 with a target of $136 with staggered profit takes at the Fibonacci golden zones.
Weekly Chart
Oracle NYSE:ORCL is in triangle pattern and moving to apex zone.
Besides, Oracle has the strong support by the ascending trend line
Daily Chart
Price is on the support and trading at 115.23 now
The second times, price touched the support so a massive move is coming soon
Triangle Pattern has more two scenarios can happen
Just wait and see
