The technical figure Channel Up can be found in the US company Oracle Corporation (ORCL) at daily chart. Oracle is an American multinational computer technology corporation. The company sells database software and technology, cloud-engineered systems, and enterprise software products—particularly its own brands of database management systems. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization. The Channel Up has broken through the support line on 01/12/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 38 days towards 84.76 USD. Your stop loss order according to experts should be placed at 98.95 USD if you decide to enter this position.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.