ORCL Upside break-out of a Descending Pennant.
Some things to note:
Hold of 50 EMA within the pattern
High volume entry into the pattern with descending volume throughout
Notable pickup in activity on the upside break
MACD Cross coinciding with break
Throwback following the upside break that tracks along the upper bound of the pattern and is halted at...
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
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...
