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ORCL to 70+ next few weeks?* one view here is an inverse head and shoulders with a neckline at either 55 or 60 * another view is just a cup-n-handle formation with a clear break to the upside * obviously tiktok deal cements their advertising business; are they transitioning to an advertising company? (dont forget they bought bluekai. could there be a re-valuation, like we saw with aapl?) * implied volatility in the options market seems very depressed. * expansion of bollinger bands suggests an increase in average implied volatility could be coming and prop up longer dated OTM options * clear break to new highs from lengthy base * appears to be forming bullish flag after recent break to new highs * imo, one of the most solid looking charts out there * I am playing this with the following positions: 55 oct16 call 55 jan2021 call 85 mar2021 call
NYSE:ORCLLong
by tacosaurus
1
ORACLE CORP WINS TIK TOK DEAL (ROCKET TIME)TikTok has reached an agreement to sell its U.S. operations to software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies. Oracle has reportedly won a deal to manage TikTok’s US cloud operations. Oracle had been rumored to be part of the bidding process to acquire TikTok, but The Wall Street Journal reports that the company has been selected as a “trusted tech partner” instead. This is different from an outright sale, and appears to suggest Oracle will be helping run TikTok’s US operations with its own cloud technologies. News of an Oracle deal comes just an hour after Microsoft revealed it was no longer acquiring TikTok after its bid was rejected by TikTok owner ByteDance. Microsoft had been pursuing a deal to buy TikTok’s operations in the US, Australia, Canada, and New Zealand. It’s clear talks have swayed away from a full acquisition, with Oracle reportedly winning the bid to be a technology partner instead. President Trump signed an executive order August 6th blocking all transactions with ByteDance, and the order demanded an American company purchase TikTok’s US business. The EO was intended to take effect within 45 days, although the president later signed a follow-up order giving ByteDance 90 days to sell or spin off TikTok in the US. This does not supersede the original deadline, though. As Department of Commerce secretary Wilbur Ross told The Verge: “Per the 45-day period outlined in the Executive Orders, the Department of Commerce is operating under a deadline of September 20th.” An inverse or reverse head and shoulders pattern is also a reliable indicator which can also signal that a downward trend is about to reverse into an upward trend. ... The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep rallying upward.
NYSE:ORCLLong
by MavRich_Trading
3
FSLY- When the momentum stock loses its momentumTrend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment. If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party may indeed be over. Generally speaking, when you see the momentum stock decline significantly after the positive earning, this should be your first warning sign that investors are disappointed that the stock fails to live up to their lofty expectation. This is especially true for momentum stocks with lofty valuation. Market tops are often made when stocks react negatively to positive earning or when stocks stop going up on positive news. It is possible though that the short-term negative sentiment is caused by the TikTok news, but it is undeniable that the growth of enterprise clients for FSLY has slowed down recently. The overall macro is still good for Fastly though as E-commerce is still thriving. I am also bullish on the cybersecurity industry as whole and another market-leading CDN in the edge computing space you can capitalize on is NET. Thank you for reading through my analysis! Don't forget to click the like and follow me :)
NYSE:FSLY
by Libratus
SNAPCHAT ($SNAP) 👻 | Why Snap is More Tempting than a Cinnabon🐋 ALERT! The SNAP bulls have been giving bears no leeway recently. Not only does the chart look great as SNAP has capitalized on the lockdown, but Snapchat has also been busy improving its ad space and moving to compete with other big tech like Apple and Google (for example with Snapchat's foray into AR). Let's take a look at some levels to see if SNAP can keep popping off. Hit that 👍 button to show support for the content and help us grow 🐣 Support: The S1 S/R flip and S2 orderblock are both equally notable to SNAP bulls. A bounce at or between any of these levels would be a show of strength from the bulls. While the bulls have the S3 SR flip at the major price pivot point on their side, a test of S3 breaks the bullish market structure and thus makes this level somewhat unattractive at this point (if we get there, we'll have to see how price reacts). Resistance: The first point of resistance for the bulls is the R1 orderblock at the failed swing high and S/R flip. It would make sense for us to be rejected here while price consolidates. This would help SNAP to avoid becoming overextended. The R2 orderblock at the failed swing high range comes into play if R1 is breached. While there are other notable levels higher to discuss if we get there, first things first, a move off of R2 to consolidate onto of R1 first is a perfect move for the bulls to signal continuation higher. Here is a chart showing where these levels are coming from: Summary: SNAP's chart looks great, there is a clear path for the bulls if they want to keep this up. Since that is the case, we expect something similar to what is noted on our chart to play out. Meanwhile, we would be skeptical of any price action that didn't at least interact with our levels. After-all, running too hard and too fast could leave SNAP overextended, while not interacting with support would show real weakness. Resources: www.theguardian.com + www.searchenginejournal.com
NYSE:SNAP
by AlphaBotSystem