Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42)
Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon.
The bias is to break to the upside.
The primary trend remains bullish.
Preferred trade is to buy on dips.
The 1 day moving average should provide support at 86.40.
Posted...
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.
ORCL Daily TF
Previous post er moves highlighted in the chart, nice gap fill at 81, currently sitting at the bottom of the channel with lots of upside to run.
Targets: 85, 91, 100
