htjohn

ORCL TIKTOK Rumors may push for a break out of falling wedge

Long
NYSE:ORCL   ORACLE CORP
ORCL has been consolidating lately but new fundamentals elements may push the price to break out of the falling wedge that it is currently consolidating in.

Technicals:
RSI looks healthy, MACD making golden cross.
Consolidation inside of falling wedge (near breakout)

Fundamentals:
TIKTOK acquisition rumor

Note:
Wait for confirmation of breakout to be safe.

Comments

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