Oracle was strongly sold into on the last two earnings reports. Their high amount of debt and the uncertainty about their lofty forward projections have setup a nice long opportunity into the strong AI narrative. The chart shows signs of oversold conditions with a bullish RSI divergence. It also showed a good rejection near the value area low.
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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.