Oracle - The worst drawdown ever!

Feb 4

💣Oracle (ORCL) will ends its bearmarket soon:

🔎Analysis summary:

Over the past five months, Oracle has been correcting more than -60%. And while we can clearly witness a major selloff, Oracle is also approaching a major support area. And if we see bullish confirmation in the near future, Oracle might even create new all time highs.

📝Levels to watch:

$125

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

yesterday

Trade active

💣Oracle (ORCL) is still not bullish yet:

🔎Analysis summary:

While we are currently seeing some impressive short term volatility, Oracle is technically not bullish yet. In fact, you can see that the higher timeframe structure is pretty clear. But Oracle is still heading lower on the smaller timeframe without any confirmation.

📝Levels to watch:

$125

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION