Oracle Corporation
Long

ORCL - Yet another bullish break through move

46
ORCL has reached all time high and sustaining above the gap support of 260-292 region for the past 9-daily periods. Based on the momentum, ORCL is likely to continue to stay supported above the gap support zone and if it does for another 7 periods, the stock will likely continue higher. Meanwhile, the stock has broken above the overhead resistance and closes above the 9-period conversion line. Signaling more potential upside continuation.
Momentum is strong across short, mid and long-term. Directional movement index remain strong.
Near-term target is at 365 and long-term target is at 530. Support to accumulate is at 312 and 275

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