$ORCL Analysis, Key levels & targets
Alright… Here’s the ORCL battle plan --- looking to start a position at 79.17
And then all of the targets below are add levels…
I’m really looking forward to this one 😏
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on...
$ORCL Key Levels & Analysis
No position here yet… but looking to targets 2-3 for a starting position as see where it goes from there…. Will update when I take a position…
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at...
IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs.
Trade setup is drawn in chart. The risk-reward-ratio is above 4.
Top 10 holdings
Oracle (ORCL) reported revenue of $10.4 billion, up 6% growth YoY vs company’s guidance range of 3% to 5%.
Street consensus forecast was $10.2 billion.
ORCL quarterly earnings of $1.21 per share VS Consensus Estimate of $1.11 per share.
Earnings surprise of 9.01%.
My price target is 100usd, similar to Citigroup`s.
About Elliott wave, after a clear beautiful 5 wave move of wave 3 and each leg have nice 5 wave advance, and currently we made a 4 with clear abc correction mark the low then gain strength. As we can see we in wave 5, after wave 1 we have a nice correction look like wave 2 retest wave b and w formation and broke through last high, we quite confident that now we...
$ORCL Long-term Breakout on Weekly Chart - look for a close above $91 this week for confirmation.
Unusual options activity today...
$11M in Jan'2023 deep in-the-money $30.00 LEAP calls bought today (11x open interest)
Medium term target: $100-$104 range by early December
Note: This is NOT investment advice. Educational only.
The last time this happened in SOL - it moved higher by 116% in 16 days!
This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of...
Very short term outlook in this idea in an otherwise bearish tangent. Oracle Pivoted a while ago without yet establishing the lowest of lows.
Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave/Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to...