The Oracle share price has bounced off its resistance at $117.58. However, we expect it to overcome this level with the green wave (3), providing further bullish momentum.The orange-colored five-wave move should then provide for further significant increases, at the end of which the top of the beige wave I should be formed.
Oracle , a Texas based software and cloud giant is making a good possible buy opportunity. What to watch?
1. Weekly chart is showing some healthy pullback to it's previous highs sitting at around $103.73-106.56 price level.
2. When you take the Fibonacci tool and place it on the bottom of the chart which crossed the 200EMA , colored black, and take it to the...
After the drop and downgrade from JP Morgan from 112 to 100. Oracle completed its (4) wave. Possible completing a subwave 1 (blue color), price looks losing steam, so maybe it is time for a healthy pullback to wave 2 (yellow box) and continue for the best wave 3 rally and get the target at the golden ratio.
Of course, news could invalidate this count, but in the...
🔴 Resistance - 116 🔴
🚀 Target - 117 - 118 🚀
🟢 Support - 115 🟢
🚀 Target - 114 - 113 🚀
🚫 Manage Your Risk & Reward As Per Your Appetite 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION &...
All indicators show that the price is inflated. If the price sticks to the Bollinger upper band, it frees itself from the band, there is a possibility of falling to 22 exponential average. The other average is 50 exponential.
In a strategic move to capitalize on the Middle East's digital transformation, Oracle ( NYSE:ORCL ) is set to expand its operations in Dubai and build additional cloud infrastructure across the region. The company's Dubai office is undergoing a significant renovation, promising customers an immersive experience in envisioning the future of their companies through...
The IDC MarketScape report, "Worldwide Retail Operations Management Solutions 2023 Vendor Assessment", ranks Oracle's solutions as the best for the retail sector. These are tools for retail trade, cloud services for daily operations management, merchandising, purchasing control, and more. Experts commend the potential of Oracle's new solutions, incorporating...
Hi Traders!
NYSE:ORCL is on the cusp of a gap fill, poised to capitalize on the expanding AI market and the ongoing shift of businesses to cloud computing. Additionally, Oracle's strategic move to establish a regional headquarters in Saudi Arabia could provide notable tax advantages, enhancing its financial positioning and potentially impacting its stock value...
NYSE:ORCL pays a dividend and stands to benefit greatly from AI and future computing demands.
I like $145 - $160 for the next leg up. It sold off pretty hard after their last earnings announcement but that only opens up an opportunity for us!
Happy Trading
Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas, United States. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization.
Buy/long candidate.
What a start to year 2024. If you referred to my previous post, I entered NYSE:PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level.
On 2nd January 2024, when the whole market tanked, NYSE:PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead.
Moving on to my...
1) I drew Support Line in the past but it was broken many weeks ago. There was a pull back but prices could not exceed above the Resistance Line. It is still valid for Resistance Line. On the other hand, support line was broken and it is acting like Resistance Line.
2) I drew Resistance Line on RSI indicator and i drew a line there. In my opinion, it will decrease...
"Considering the latest quarterly report from #oracle, Bear Call on $107 / $111 with expiration on 12/22/23. Strategy initiated on 12/13/23. 📆 Rationale: Quarterly analysis and market reaction. 📊 Seize the option wisely! #TradingOptions #BearishStrategy #FinancialOptions. Relying on statistical analysis for support. Monitoring closely and ready for updates and...
Oracle Corp, the software giant, has reported a slowdown in its cloud computing business, causing its shares to drop more than 7% . The company has projected fiscal third-quarter revenue to be below estimates due to strong competition in the cloud computing market and an uncertain economy, negatively impacting cloud service demand.
According to Bloomberg, this...
