"Considering the latest quarterly report from #oracle, Bear Call on $107 / $111 with expiration on 12/22/23. Strategy initiated on 12/13/23. 📆 Rationale: Quarterly analysis and market reaction. 📊 Seize the option wisely! #TradingOptions #BearishStrategy #FinancialOptions. Relying on statistical analysis for support. Monitoring closely and ready for updates and...
Oracle Corp, the software giant, has reported a slowdown in its cloud computing business, causing its shares to drop more than 7% . The company has projected fiscal third-quarter revenue to be below estimates due to strong competition in the cloud computing market and an uncertain economy, negatively impacting cloud service demand.
According to Bloomberg, this...
Hello Traders,
ORACLE, the US listed company shows a similar picture as Upwork did!
Here, a break to the upside is at hand too in the coming hours or days!
Breaking above $117.69 opens the door to $119.72, above that area to $120.82. More bullish potential is in the cards.
On the other hand. A break to the downside @ $115.36 with higher volume turns the level of...
The ORCL share price continued to climb, reaching the turquoise Target Zone (coordinates: $115.76 - $122.90). The magenta-colored wave (2) should now be completed within this range, the high of which should be followed by a countermovement to the downside. Currently, the upward momentum has flattened somewhat, but can still hold at the high levels. Accordingly, we...
As you see here, we are approaching a major resistance zone on the daily heikin ashi candlestick chart. I will be waiting to hit the resistance zone with a heikin ashi line then bounce off with a strong volume. I like this setup a lot.
#usstock :: NYSE:ORCL
#dyor :: ORACLE
Present I am bearish 📍 on it 👍
I belive top is completed 📌
Now 35-45% potential drop we will see
Based on drop and pump 📌 we can decide macro top completed 📌 or not 🚫
Present my target is :: $80-90
( be in follow article under this post update will be provided )
Oracle is on a bearish 1D technical outlook (RSI = 31.499, MACD = -1.720, ADX = 20.020) almost oversold as (with the exception of Aug 29th-Sep 11th) it is trading inside a Channel Down and the price is almost on its bottom. The 1W MA50 may make contact with the price there. This is a buy opportunity regardless (RSI oversold) and our target is the top of the...
Daily chart of ORCL
ORCL formed a large gap when it fell from a double top formation. It wasn't able to fill the gap in its first attempt. It couldn't pass the resistance level of 115 despite five attempts (14-20 Sept).
After bouncing from 105 support level (this was the last peak in Dec 2021), ORCL is attempting to fill the large gap again. It will face stiff...
I see massive bullish potential. A lot of profit potential. A lot of open interest on some of the calls. It is looking like a reversal on the weekly and daily chart. Beautiful setup.
Hello There!
Welcome to my new idea about ORCL. In recent times ORCL already increased with heavy bearish determinations towards the downside as it printed this massive bearish momentum spike candle forming a -15% dump and liquidating almost over 100 Billion positions. Such crucial bearish inclinations should be never underestimated because especially in a time...
Oracle is having a sharp sell off during September, the strongest since September last year (2022), which formed the market bottom. It is almost oversold on the 1D technical outlook (RSI = 30.957, MACD = -2.920, ADX = 37.867) with the price approaching the 1W MA50, which is untouched since November 7th 2022.
On this 1W chart we have market the time of a 1W MA200...
Entry: with price below 127.54
Volume: with volume greater than 27.5M
Target: 141.39 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 127.55, 120.62 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
ORCL buyers failed to make a decisive breakthrough at its recent pre-earnings highs. As such, sellers have defended ORCL's June 2023 resistance level of $127 resolutely. The surge toward its recent highs suggests that late buyers rushed in, anticipating a more robust outlook from management, but it didn't transpire.
Im expecting price to buy at one of the purple...
Hi GUYS this is TUTORIAL post : you see how you could use pure technical chart for scalping though. that is clear 108 ---110(even number) is nice high potential zone for getting a bounce .......as of now you see this bounce is occuring ....always in gap filling area and in convergance of strong trend lines you are able to find high long probability setups.... THE...
ORCL show an engulfment pattern
This chart shows the weekly candle chart of Oracle's stocks over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, the high points of Oracle's stock in June of this year and this month formed a small level double top shape, and were suppressed by the 3.414 digits of...
Horizontal trading channel that is neutral until broken.
Possible overvaluation concerning AI causing drop but not sure.
Spinning top/Indecision/Hanging on the support line today.
No recommendation
