Clear uptrend on Oracle #ORCL american stock. Planning longer term longs at Monthly demand zone. Buy at nested lower timeframe demand levels and imbalances. Buy call options or protective married puts
ORCL down 10% after earning season with 1.64% beat estimation. We have one more down after dividends share in october. From fundamental anaysis this sharp down only correction, coz oracle have many good financial data. from financial strength, this stocks have 6/10 score, with : Cash-to-Debt 1.26 Equity-to-Asset 0.42 Debt-to-Equity 0.95 Interest Coverage...
Just shown possible routes to 56 mark.
if orcl crushes earnings expect a 5-14% upside :)
have to wait to reach that price..
Oracle ORCL American Stock long bias at weekly demand zone 45.50. Waiting for a retracement at weekly demand level in order to go long on this american stock
After bullish breakout, ORCL began to pullback and will eventually show a trading opportunity at $46 - $47.
Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50. This morning, ORCL dropped below yesterday's low but quickly got back up above that low. If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.