Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the 0.786 Fibonacci (96.50). A break below the 1D MA50, should re-test the 0.382 Fib (78.20) and depending on the time it breaks, potentially the 1D MA200 (orange trend-line) as well.
Nice chart. ORCL is in the channel but also is forming a bearish rising wedge. From the TA stand point of view, if breaking the lower rising wedge possibility for a further up move will be less likely, however, if it manages to consolidate and than the breakout rise could be fast and nice.