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artemfedorov
ORCL is following through with downside momentum as outlined in the Jul/Aug updates. I still cannot rule out a more immediate move into the 210–200 macro support levels, but the broader structure suggests a larger higher low is likely to form within this zone.

Chart: tradingview.com/x/98I51T9Z/

Previously:
• On more downside potential (Aug 19): tradingview.com/symbols/NYSE-ORCL/minds/?mind=NqHPyatpRlGnOpMmMzJNxQ
• On reversal potential (Jul 28): tradingview.com/symbols/NYSE-ORCL/minds/?mind=SSXfxC40Qs6w364lqaxQWQ
• On resistance (Jul 18): tradingview.com/symbols/NYSE-ORCL/minds/?mind=3VkpJ_RASjuiy91yBg8NaQ
• On upside (Jun 20): tradingview.com/symbols/NYSE-ORCL/minds/?mind=QL1ABu3UQIuU1vM3c6mnVQ
Snapshot
arcosian84
ORCL Why has this been dropping so much over the last month? The underlying thesis of their services has not changed. Massive infrastructure that is embedded in many large companies with sticky revenue.
ORCL is following through to the downside from the mid-term resistance zone I’ve been highlighting since July.

Next key macro support sits at 230–213/200. Ideally, I’d like to see price start forming a new base there before a potential next leg higher toward the 290+ macro resistance in Q4 or early next year.

Chart: tradingview.com/x/MT0kQaAv/

Previously:
• On reversal potential (Jul 28): tradingview.com/symbols/NYSE-ORCL/minds/?mind=SSXfxC40Qs6w364lqaxQWQ
• On resistance (Jul 18): tradingview.com/symbols/NYSE-ORCL/minds/?mind=3VkpJ_RASjuiy91yBg8NaQ
• On upside (Jun 20): tradingview.com/symbols/NYSE-ORCL/minds/?mind=QL1ABu3UQIuU1vM3c6mnVQ
Snapshot