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
Even with all the selling last week this tank managed to outperform.
Broke out of wedge early last week and back tested for the bounce friday..
Calls over 117
Target 121
Holy moly good god Oracle is about to get slaughtered. Short of the year is forming on the Daily chart. Money flow is about to cross into red and it was extremely overbought on the AI narrative. Healthcare systems were also hacked so entire hospitals are/were down in early August. Fundamental + Technical analysis are aligned
Oracle gapped to record highs almost two months ago, and now it could interest some trend followers.
The first pattern on today’s chart is the $114.34 level. It was both the opening price and low on June 12, the same day earnings and revenue beat estimates. The software company held that zone in late June, mid-July and again last week. Interestingly, it’s exactly...
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...
15 minutes chart
After 15 days a bearish traing range an without a real signal, we have now a new bearish alert with bearish crossover just showed up for a possible acceleration lower.
Waiting for a good price action to come.
Just spotted an intriguing #VCP pattern in $ORCL. The decreasing ATR and declining volume suggest potential for a significant breakout ahead. 🚀 Keeping a close eye on this one!
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...
Long back to 130...
Short only on a close below 113.
Pennant formed here..
Stock has only dropped below its 50sma once this year and that was on earnings..
50sma is now at 113.70, so stock position + pattern makes this a good risk reward .
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.
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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...
