ORCL trade ideas
ABC BullishSeems this undervalued company has issues getting going and staying going (o:
A few Rising wedges slowed it down a long the way, but appears to be recovering from it's last fall and short interest is low.
NV and OBV are both high showing interest..
Stop is often placed under C..
ABC is a measured move pattern. There is also a bearish ABC pattern and the target is D. It is a correction pattern within a larger pattern as a rule C can not be under A or you are looking at another pattern.
Just an observation...trade safely
ORacle Short to 52 and then Long to 65Monthly
In good uptrend till 2029-2030
RSI in Up Zone
Nice enter always from EMA 50 on Monthly
After second test of EMA from 0.618 Fib. = 52$
Weekly
No comments- simply wait for 52.
You could short it till Q2 2021.
1 SHORT
Open 55.5
Sl 57
TP 52
2nd Phase
Long till 2024
Open 52
TP 65.5
SL 48
I'll keep an eye out.They're mostly into software and enterprise hardware.
Or rather into premium support packages and shit hardware.
But you can't deny they've been doing pretty well.
I can't see any model that would allow for them to sustain this growth. If I'm wrong I'll consider buying a dip eventually.
$ORCL - rebound potentialEvaluate potential recovery on ORCL
if GS (goldman sachs) and JPM (JP Morgan) get 360 on SPY by EOY, like they want (and they typically get what they want) then this rebound is totally feasible.
However, if we have learned anything, it is that trading based on trend and technical analysis in 2020 has uncovered uncharted territory. In order for the market-manipulators to make money, they have resorted to exacerbating their tactics in retail, and they are winning. This creates a bumpy road for average/new traders, who must to adjust their strategies to match the manipulation.
ORACLE SPECULATION $60 BILLION (TIKTOK DEAL)ORACLE SECURES DEAL WITH TIKTOK JUST AS TRUMP BAN IS INITIATED. TIKTOK NEW VALUE REPORTED TOWARD $60 BILLION.
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The stock currently sits below a possible future support at $60.5, Moving forward we need a break and close before I even think of entering.
Watching the orange trend lines as support and resistance, it holds strong on the weekly timeframe .
Possible buy on a break and hold of resistance @ $60.5.
Upside targets: $$63.63, hold beyond at your own risk
Possible Short Entry if break and hold below $57
CAUTION: I hate playing news, this Tiktok bs is getting out of hand. Play at your own risk
DotcomJack | Michael Jordan of Stonks
Oracle Tik Tok Deal NOT finalized, proceed with cautionTik Tok and Oracle deal not officially approved by Trump yet. Government overall concerned that Oracle only wants a partial ownership (20% I think), and is not outright buying all the software like Microsoft had planned to do. Bytedance will still be majority shareholder, overall this deal could fall apart quickly, so be careful with overall share prices severely overinflated and overbought. Copyright Rohan Karunaratne 2020