ORACLE: On a 3 year bottom. Buy opportunity for 240 long term

Oracle is bearish on its 1W technical outlook (RSI = 35.862, MACD = -4.360, ADX = 42.565) as this week it reached almost the same levels of correction as the 2022 Bear Market (-42.72%). This is also nearly a HL bottom for the 3 year Channel Up and as the 1W MA200 is right below, a great long term buy opportunity. The bullish wave after the 2022 bottom almost reached the 1.382 Fibonacci, so we have a technical level to target this time also (TP = 240).

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