Bull Flag Idea. I would Buy on breakout $64.00 with a stop loss at $62.60 and take profits at the fib extensions . If breakout is hit within the first 30 minutes of market open id wait for a break of that 30 minute high to buy to avoid possibly getting faded to the downside after open. If it takes off running at the open and explodes higher i wouldn't chase it...
ORCL has set a perfect channel can be seen between the green lines. If it can be succeded to break the first resistance, it may target the second resistance which is the second green line. Red line is support line.
ORACLE SECURES DEAL WITH TIKTOK JUST AS TRUMP BAN IS INITIATED. TIKTOK NEW VALUE REPORTED TOWARD $60 BILLION.
The stock currently sits below a possible future support at $60.5, Moving forward we need a break and close before I even think of entering.
Watching the orange trend lines as support and resistance, it holds strong on the weekly timeframe .
Tik Tok and Oracle deal not officially approved by Trump yet. Government overall concerned that Oracle only wants a partial ownership (20% I think), and is not outright buying all the software like Microsoft had planned to do. Bytedance will still be majority shareholder, overall this deal could fall apart quickly, so be careful with overall share prices severely...
* one view here is an inverse head and shoulders with a neckline at either 55 or 60
* another view is just a cup-n-handle formation with a clear break to the upside
* obviously tiktok deal cements their advertising business; are they transitioning to an advertising company? (dont forget they bought bluekai. could there be a re-valuation, like we saw with...
TikTok has reached an agreement to sell its U.S. operations to software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies.
Oracle has reportedly won a deal to manage TikTok’s US cloud operations. Oracle had been rumored to be part of the bidding process to acquire TikTok, but...
ORCL breaking out of days long rising wedge with TIKTOK acquisition rumors coming to a close between ORCL vs. WMT and MSFT.
ORCL is at High of Week so it's hard to determine a target. My personal price target is 60.
Set a trailing stop for this one. Break above descending upper trendline has been confrimed. Now we wait for Monday.
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.
RSI looks healthy, MACD making golden cross.
Consolidation inside of falling wedge(near breakout)
TIKTOK acquisition rumor
Wait for confirmation of breakout to be safe.
I'm not really seeing anything at the moment that meets my criteria for good liquidity, high rank/high implied to play this coming week for earnings-related volatility contraction plays.
While ORCL (53/44/9.8%) announces Tuesday after the market close, 30-day's only at 44 with the July at-the-money short straddle paying 9.8% of the stock price, which...