ORAC trade ideas
ORACLE: POTENTIAL HARMONIC PATTERN ON THE MAKINGORACLE is still in a downtrend. Look to the price action on the level posted on chart for a potential completion of this harmonic pattern
Are we finishing a wave 4 and wave 5 lower sub level?Are we finishing a wave 4 and Wave 5 lower sub level?
ORCL SpeculationGood day traders. Here we have ORCL stock charts. Bigger picture is suggesting to be short. As we look at the lower time frame here, we can see supply above and some ok demand below. The levels further away from price are the more significant levels; however, you can short at either supply zone.
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ORCL - Oracle stock dominated by mobile architecture JavascriptORCL
Oracle (large cap.) offers a 1.59% dividend with current stock prices.
Dividend has not been raised since end early 2017 and overdue.
Top Oracle Software Exec. taking leave of absence per WSJ 9.7.18
Oracle 5G CUPS is new control and user plan software architecture partially introduced in 4G & to be fully integrated in 5G and help support cloud data integration & support SaaS.
* Dividend $0.19/Q, or 0.78/yr, which at $47.81 is a 1.59% yield.
* 5G will generate profits in late 2019 and slightly earlier for SaaS services
* Key markets healthcare, transportation, blazing internet, smart cities, energy security, aka billions of devices coming on-line
* In Aug. a pension fund started lawsuite with Oracle, accusing them of farbricating cloud sales and creating unstable sales model. In reviewing their chart, they are just like the spikes of major telecomm stocks associated with 1G-2G-PDA-3G-4G-4G LTE and soon 5G in 2019-2020.
* The past year was anything but stable for ORCL, which is more like telecomm stocks than IT/Software stocks.
* #needstodiversify
This posting is for own reference. Come to own conclusions. Comments welcomed.
THE WEEK AHEAD: ORCL, KR EARNINGS: EWZ, TSLA, CRONEarnings:
ORCL: Announces Thursday after market. Rank/IV: 74/31. Sept 21st 68% Probability of Profit 20 delta 45/50.5 short strangle: .79 credit.
KR: Announces Thursday before market. Rank/IV: 54/37. Sept 21st 72% Probability of Profit 20 delta 30/35 short strangles: .60 credit.
Non-Earnings:
EWZ: Rank/IV: 97/48
TSLA: Rank/IV: 95/57
GDX: Rank/IV: 68/30
USO: Rank/IV: 62/26
FXE: Rank/IV: 53/8
Others of Note:
CRON: Background IV at 138% on volume of 24.1 million shares. Oct 19th 70% Probability of Profit 9/19 short strangle: 1.30 credit.
See also (for other cannabis-related underlyings):
TLRY: Background IV at 135% on volume of 9.02 million shares.
CGC: Background IV at 98.5% on volume of 13.1 million shares.
Oracle - Long PlayProbability play for a move to the upper tend line, which would be around the 50% fib range (50.17)
I like the way it rejected the lower trend line and the EMA34 and is trading above it now.
Oracle ShortLosing business to Amazon. Bearish engulfing daily candle on increasing volume. Broke below 200MA on volume.
ORCL Needs to Pull BackIn less than 1 month, Oracle has ripped 14% higher with no pull backs in the last 7 trading days. This has reached the prior highs and is due to retrace back down to $48-47.50 at least. This was beaten down for no real reason, but this needs to pull back and find support before it's next leg up.
Heavy on 7/27 $48 puts for a high risk, quick swing trade
ORCL short. Bearish Divergence, overextention.ORCL short position. 8/17 $47 Put purchased. Will close if a 4H candle is looking to make new highs. Bearish Bat as well according to user Finance Rhino
"Trade what you see not what you think" Bullish Sentimentoracle corporation @ all time highs
Important we see a break and close of $47.03 as that will give confirmation of drop to $43.35
Update Final (for now): $ORCL long-term bullishReached the long-term target $46 with a parabolic move. I just STC all my calls. Will definitely buy the dip if this goes back to the red pivot.
ORACLE short to opposing Demand zoneFor Oracle Monthly uptrend was broken so now it is possible to trade short according to Weekly downtrend after price return to Weekly Supply zone, with target to the oppodisng 3 Month Demand zone.
It may be named also as countertrend trading according to 3 Month uptrend.
ORCL short setupPreviously I thought we would be heading directly higher from the 45 bottom. However from how the bottom reaction has evolved, I think we head to 38-41 region first before we can head higher. I will take short positions in the green square labeled c
