We're upgrading our Oracle recommendation and maintaining our Short call. The stock is down around 30% since our initial note in September, and we think there is more downside now that the price is trading sub $200 per share.
If the stock doesn't bounce back above the 200-day moving average, we could see more downside into the mid $100 per share range. Potentially finding support around $120-125 range mark.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
If the stock doesn't bounce back above the 200-day moving average, we could see more downside into the mid $100 per share range. Potentially finding support around $120-125 range mark.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
The Blueberry Team
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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.