ORCL trade ideas
Who likes Oracle right now? "Pick Me! Pick Me!"Ok, my thoughts on ORCL:
MACD bullish cross
ParabolicSAR just fired long
BB are inside KC creating a SQUEEZE on Daily ( 4 hour chart Squeeze has already fired LONG)
Price is above the 21 EMA
50 & 200 EMA are pointing upward
Volume increasing on the upward price movement
XLK Sector has fired long.
Need an Oracle to decide which way!Possible double top, 4th wave triangle or push through
The Fourth Wave Conundrum and Pseudo-certainty in play.
Nothing is for certain in this instrument. It's therefore not an object for investment right now.
Does that mean the analysis is in vain. NO!
It gives us the opportunity , when uncertainty is resolved we will with high probability know what will happen and the we invest.
The options:
Double top and 19'ish as target,
Triangle wave 4 for a while,
A push through and a possible EW target of 55'ish for the 5th wave - Harmonic target is a little higher. If this 3rd option play out we would also see divergens eliminated. But the instrument is now in overbought territory .... so on the edge.
Stay Sharp on Charts at:
The WALLST Scalper
BUY SETUPLooks like typical triangle pattern in 4th wave.
Therefore I expect continuation move to upside.
A Big Boy Oracle For The Bucket? Well, it looks real... Oracle is already traded the highs, technical the stock is distributing. So It is question of whether we upthrust or we go straight through the Ice. Not one I want to bet on...
Next stop 47$?If we cross the last valid "2", the next upwave could start --> TP of this wave could be 47$.
The Chart weakens with Prices below 37,5$
ORCLPrice is just about to break above the longer term descending trend line. Additionally, this stock is also within hedgefunds top 50 shorted stocks in Q2 2016, coupled with a nice reverse head and shoulders I target a run up to 46 if price manages to close above the descending trend line on a daily chart.
Bullish OracleStochastic created two divergences simultaneously.
There is a ~75% chance of price following the stochastic this time.
If it does, expect the price to trade in the box given.
So be bullish on Oracle.
Potential Long-Term Gartley (WIP)This is more of a "Concept". I am a complete newbie, just looking to validate the concepts of these patterns. Please feel free to comment and critique. I would appreciate the feedback.
Oracle // Bullish Cypher @33.46$ / IF=THEN ®NYSE:ORCL
"Cloud competitors have their eyes on Oracle as the company continues to rapidly build out its SaaS and PaaS product offerings. To put this in perspective, Oracle’s human capital management (HCM) SaaS product secured three times as many new customers as competitor Workday’s similar HCM product. This focus on the cloud has led Oracle to expect approximately $1.5-$2 billion in new SaaS and PaaS purchases this year alone. Oracle’s SaaS and PaaS revenues experienced a 54% increase last quarter as a result of the shift of 95% of its services to the cloud. While the cloud has been gaining traction, it hasn’t been enough to offset weakness in Oracle’s bread and butter software licensing division, which dropped 16% last quarter. For that reason, Oracle has not been able to beat analyst estimates on the bottom-line for the past eight quarters, missing in five of those quarters and meeting in the other three. Revenues have been even worse, missing expectations in six of the past eight quarters. Year-to-date the stock has dropped nearly 15%."
Report Wednesday, December 16;
Information Technology - Software | Reports December 16, after the close.
The "community" consensus calls for EPS of $0.61, in-line with Wall Street. Revenue estimates are also quite close, with the "community" calling for $9.113B and the Street slightly lower at $9.094B.
Safe trades;
ORCLTaking a stab at buying ORCL based on a daily and weekly chart.
Ultimate target is $40. I am hoping this 15 minute chart will move in that direction.
ORCL- Undervalued and UversoldWatch ORCL ..... this stock is currently classified as an undervalued stock because it has an intrinsic value around $47.34 based on Vuru Analysis, all technical indicator that I used (Stoch,CCI and MACD) show that this stock is in condition of oversold. Wait a good momentum to buy.
