ORCL is set to release its earnings later this week, so I wanted to take a closer look ahead of the report. On the 1-month timeframe, plotting the Fibonacci sequence shows that the recent pullback found support at the 0.5 Fibonacci level, accompanied by a bullish engulfing pattern — a potential signal for further upside.The RSI remains above 50 and is trending upwards, which adds to the bullish case. However, earnings could be a key swing factor, potentially moving the stock sharply in either direction.
From a technical standpoint, this setup suggests a watchlist-worthy opportunity. If the stock holds above key support levels, momentum could carry it higher, but traders should be mindful of volatility around the earnings release.
ORCL heads into Dec 10 earnings with the stock down from Sept highs. Cloud & AI growth could drive a beat, but debt & cap‑ex weigh. A strong report may lift the stock, a miss could keep it under pressure. #Oracle #AI #Cloud #EarningsSeason 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.