Long ORCL Expecting a continued uptrend following the channel. Opened some calls today at $53.5 strike. Currently up +25% as of market close 06/02, will continue holding to see if it can break key support levels at 53.85
ORCL trade ideas
ORCL Long, Using "MM_UpTrend_Buy" to find Buy opportunityAdd "MM_UpTrend_Buy" -- See linked script;
Add EMA(144) and EMA(377) to show a dynamic support Zone;
Entry: 53.3
Stop: 51.7; when Below EMA144 and EMA377
Target: 60; risk/reward=1:4
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
ORCL Bullish above 53.00ORCL has made great moves within its longer term bull flag and has formed a nice hidden bullish divergence early which led to a bullish triangle that I believe will be the setup for bullish breakout of trend! The new triangle support giving us a good place to be bullish above and working with our bullish expectation for the bull flag breakout.
Oracle Breakthrough? In the beginning of the analysis, it can be noted that Oracle couldn't break through the support line given the double bottom. With the scallop raising the price, the formation of the head and shoulders gave the stock a 74% chance to drop in price in which it did in the end. With a bounce-back and a formation of a triangle, I conclude that the price will break out in an upwards trend.
Oracle - "go long"Technical Support - Channel Line
Target Price 55. Stochastic / RSI shows that it is oversold. (I would have expected higher volume)
Fundamental Support
Oracle will provide the Oracle Cloud Infrastructure to support ZOOM rapidly growing business.
Microsoft seems to go to the opposite direction of Oracle. I would expect that they will crossover again meaning that:
1. Microsoft will rise
2. Oracle will fall (this case goes against my previous considerations)
ORCL Short Supply zone confirmedCondition:
1. Supply zone Confirmed
2. Up trend line break (TLB)
Entry at 52.7
Stop: 53.7 (Above trend line and zone)
Target1: 49.7; risk/reward=1:3
Target2: 44.7; risk/reward=1:8
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Does Oracle go up?NYSE:ORCL
Second candidate to buy on Monday.
The stock looks good in the market and just as AMD rose after a strong downfall. The paper gained 3.9$ in two days - quite a good result .
There is a strong mirror resistance level formed by the price gap ahead of us. Naturally, from the first time we failed to overcome this boundary on March 26. Then we tried it again on the 27th.
A false break-up made the shorts' defensive SLs work. As it should be, after the false break-down, the price went down (the price should go up, you can say fair enough, because the SLs of the shorts players have triggered. You will be right and wrong at the same time, I can tell the logic of a false breakout in a separate post if someone interesting).
It is fair to expect another close retest of $50.8 on Monday.
According that we're in "+" at the post-market, this adds to our mathematical expectation.
If the price fixes above the level, I will buy it long.
Guys, if you have any questions - just ask. )
Take care!
$ORCL - Consolidation for Breakout Imminent ORCL is going up... or down :) I prefer to buy this stock so I'm waiting for a strong breakout of the descending TL with my entry on the chart. My 1 year price target is at $65 if that lower TL holds.
If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
