Oracle Heralding its Fall. ORLCMassive Divergence on the monthly. Impulse, it seems, is out of most of the steam and we are turning around. How low are we going to go? Fibonacci gives us some viable goals and we included three.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
ORCL trade ideas
$ORCL with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ORCL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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Thanks for the ride ORCL! See you on the other side...See you on the other side of the blue lines.
You have had a phenomenal run those past 12 years! and that killer sprint at the end?!?! PHENOMENAL... really broke those blue tapes!
And now you're feeling tired... over-extended... take a break. I'll do the same. We will catch up in a few months!
P.S. - Please take the white path and not the red.
Pullback due(Not Financial Advice)
Relative Strength Index is showing the ORCL is overbought which usually indicates that a correction is due to come in the following days or weeks.
How much the correction 'should' be no one knows. Correction that is in control is between 15-20%, depending on your own risk tolerance this may fall in or out of your range.
Do what you need to do for yourself and your circumstances this is general advice.
(Not Financial Advice)