Technical Overview:
Oracle has successfully retested and reclaimed a major former resistance zone, which now acts as a strong support area on the daily chart.
Price recently tapped the gap area and previous resistance, followed by a bullish reaction from support, signaling buyer interest at these levels.
MACD is showing a fresh bullish crossover, while the histogram has turned positive — confirming a potential momentum shift to the upside.
As long as price holds above the reclaimed zone, the structure favors a medium-term bullish continuation.
Fundamental Momentum:
Oracle remains one of the key beneficiaries of the AI and cloud infrastructure boom, with strong demand for its data center and AI-related services.
Its AI partnerships and cloud backlog continue to expand, supporting medium-term revenue visibility.
The recent pullback came amid broader market hesitation and profit-taking, not company-specific weakness — creating a technically attractive dip-buying opportunity.
Upcoming earnings tomorrow ( December 10 ) After Market Close will most likely bring a big movement. It is up to you if you enter today or after earnings , based on your risk tolerance. I am buying shares now and have some money aside to buy again in case of a drop.
Trade Idea – Swing Long Setup
Entry Zone: $218 – $222
Stop Loss: $183 (below the reclaimed support and recent swing structure)
Take Profit Levels:
TP1: $243 → First resistance and local supply zone.
TP2: $259 → Next higher resistance from previous range.
TP3: $319 → Full bullish extension and trend continuation target.
Risk Note:
Oracle is still sensitive to broader tech sentiment, interest rates, and earnings expectations. Partial profit taking at TP1 is recommended, with stop moved to breakeven to protect capital.
Oracle has successfully retested and reclaimed a major former resistance zone, which now acts as a strong support area on the daily chart.
Price recently tapped the gap area and previous resistance, followed by a bullish reaction from support, signaling buyer interest at these levels.
MACD is showing a fresh bullish crossover, while the histogram has turned positive — confirming a potential momentum shift to the upside.
As long as price holds above the reclaimed zone, the structure favors a medium-term bullish continuation.
Fundamental Momentum:
Oracle remains one of the key beneficiaries of the AI and cloud infrastructure boom, with strong demand for its data center and AI-related services.
Its AI partnerships and cloud backlog continue to expand, supporting medium-term revenue visibility.
The recent pullback came amid broader market hesitation and profit-taking, not company-specific weakness — creating a technically attractive dip-buying opportunity.
Upcoming earnings tomorrow ( December 10 ) After Market Close will most likely bring a big movement. It is up to you if you enter today or after earnings , based on your risk tolerance. I am buying shares now and have some money aside to buy again in case of a drop.
Trade Idea – Swing Long Setup
Entry Zone: $218 – $222
Stop Loss: $183 (below the reclaimed support and recent swing structure)
Take Profit Levels:
TP1: $243 → First resistance and local supply zone.
TP2: $259 → Next higher resistance from previous range.
TP3: $319 → Full bullish extension and trend continuation target.
Risk Note:
Oracle is still sensitive to broader tech sentiment, interest rates, and earnings expectations. Partial profit taking at TP1 is recommended, with stop moved to breakeven to protect capital.
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.
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.