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WadeYendall
Jul 8, 2021 4:03 AM

ORCL another clean breakout. Long

Oracle CorporationNYSE

Description

I like ORCL on a pullback to the green box. I find the 886 measured like this to be a high probability entry zone after a breakout. Stops would be below the green box and targets would be the fibs above. I do not plan to chase this.

Comment

No need to rush, but price has fallen back towards the green zone. Watch the broader market for recovery before entry.

Comment

I never took this trade myself but if you had kept it on watch it eventually gave a move to the 1.618 with the break of 89.
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