ORCL
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...
Probability 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.
In 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 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
For 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.
Previously 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
Continue to be bullish on ORCL.
On the daily chart you can see we are testing that resistance around $47.30 but we are creating a nice ascending triangle which is a bullish signal.
We are above the EMA50 but the EMA200 is right overhead ($47.68) and provides major resistance for us to push through. We'll see if the bulls can push us through that this week.
