I see the double top pattern on ORCL also I think ORCL is overpriced it is uptrend since the beginning Oct 2022. also, the stocks' mean P/E ratio is about 20 now it is almost 30s. for these reasons, I am bearish on ORCL. I want to move opposite side I think the stock needed consolidation and then bounced up.
Trade closed: target reached
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.