ORCLD trade ideas
ORCL breaking out of rising wedge amidst TIKTOK rumors ORCL breaking out of days long rising wedge with TIKTOK acquisition rumors coming to a close between ORCL vs. WMT and MSFT.
ORCL is at High of Week so it's hard to determine a target. My personal price target is 60.
Set a trailing stop for this one. Break above descending upper trendline has been confrimed. Now we wait for Monday.
ORACLE, Moving In Possible Flag-Formation, Important Levels!Hello Traders Investors And Community,
Welcome to this analysis about the stock value ORACLE 4-hour timeframe perspective, the recent event, the current formational structure, what to expect the next times, and how to handle upcoming situations in an appropriate manner. The stock market these times sending highly mixed signals within the individual stocks where some forming more bullish formations others looking for the downside, these are still consequences of the corona crisis and damages in the economy as those mechanisms also seen in past historical financial crashes were there came big sorting outs of innovative stocks and others which didn't manage to come up with, comparing with the current situation we can note that everything involved with digitalization has more chances to succeed sustainable so also ORACLE which recovered from the corona breakdowns and now forming a smaller when not bigger correction where I found important
signals how this stock can destine.
When looking at my chart you can watch there that the stock is moving in a larger channel which is actually a possible bull-flag formation marked with black upper and lower boundaries, where the stock currently approaches the upper boundary which already confirmed bearish to the downside and now doing this a second time where it is still holding above the 55-EMA marked in green where it is consolidating above to form a leg down moving into the last wave-count that will form the final and decisive wave E of the overall big wave-count the stock is forming here, this last wave can be protracted till there is support reversing the situation and bouncing which will be the level marked in my chart in blue where the stock has not only the 1000-EMA but also the lower boundary and support from past price action as supports, these levels forming altogether a coherent support cluster coming up with a high possibility to bounce in this area as it is marked.
When the stock shows up with the more likely scenario where it bounces in the suggested back-up-zone marked in my chart to do not fall below this level again the stock has some decent and solid potential to move higher and form the bull-flag breakout which will confirm the formation and activate higher targets in the range, although it is possible to trade this anticipated upcoming mechanism aggressively with an entry in the channel the best and smartest way will be to wait on the proper confirmation above the upper boundary with a possible pull-back to enter in the market. The next times will show how this scenario plays out and if the stock manages to form the suggestions as mentioned, remember that it is highly important to bounce in the area marked in my chart, when this does not happen and the stock falls below this can cause bearish pressure which will increase together with a corona increase.
In this manner, thank you for watching, support for more market insight, all the best!
Information provided is only educational and should not be used to take action in the market.
ORCL TIKTOK Rumors may push for a break out of falling wedge ORCL has been consolidating lately but new fundamentals elements may push the price to break out of the falling wedge that it is currently consolidating in.
Technicals:
RSI looks healthy, MACD making golden cross.
Consolidation inside of falling wedge(near breakout)
Fundamentals:
TIKTOK acquisition rumor
Note:
Wait for confirmation of breakout to be safe.
Cup & Handle Breakout? Can Oracle break out?
I would think this stock falls in to the value category especially in the tech sector if I were to guess but it keeps chugging along. Oracle missed revenue on it's earnings in early June but did not go down an awful lot. If you look at the 20 year monthly the stock is definitely in a slow and what I consider, safe up trend.
Possible Breakout at 56
Stop at 50.5
Target 1: 62 to 69
Target 2: 76 to 82
Just an idea and I feel the stock is undervalued.
The older the fiddle, the sweeter the tune. What about stocks?Here’s a Thought! 19 June, 2020, by Vladimir Rojankovski, Head of analytical dept., Grand Capital
Recently Oracle (ORCL) reported quarterly financial results, where revenue fell slightly short of the consensus forecast, which the company inadvertently explained by delays in commercial deals caused by coronavirus.
For fair valuation, many analysts focused on the sales position of Oracle's autonomous database and its public cloud OCI-Gen2 (ou-see-ai generation two).
Several investors raised the target price for Oracle from $44 to $48, remaining cautious due to "more significant difficulties in promoting cloud technology" compared to Amazon (AMZN) and Microsoft (MSFT), which are more actively promoting their projects in hyperspace. At the teleconference, the company also noted that Oracle's entire annual capex for cloud technology is approximately equal to one month of Microsoft's capex.
It is true to say that the older the fiddle, the sweeter the tune. Especially given the fact that some old fiddle tunes are hardly audible.
Oracle - ORACL Technical AnalysisIf both resistances 55 and 55.6 USD will be broken it can be seen as a buying signal otherwise prices will be moving inside the channel. In conclusion, wait before going long or short (if the resistance will not be broken)
Oracle — Shares of the technology company dropped as much as 5% in extended trading after the company released its fourth-quarter earnings. Oracle reported earnings of $1.20 per share excluding some items on revenue of $10.44 billion, while analysts estimated earnings of $1.15 per share on revenue of $10.65 billion, according to Refinitiv. “Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases,” Oracle CEO Safra Catz said in a statement.
$ORCL Pre Earnings look at Oracle
Stock is range bound for several months.
Levels to consider-
-$51 major pivot point and a possible short alert below.
-$53.25 Confluence of resistance from 20 & 200ma's, possible long above.
Indicators are rolling over so short term bearish,
ORCL is a value stock so may hold up well during any market weakness.
$ORCL - Lacking Value$ORCL
There are a million other cloud/tech companies who have yet to reach their highs from 3 months ago that may be a better look than this one.
That being said, $ORCL seems to be a safe haven if you are looking to park some money, snag some dividends or buy enough where you can start selling covered calls and not have to worry about being assigned. (Infinite money flow) ;)
We are about a dollar away from reaching back to pre corona levels anl that I can really find that $ORCL has done is get into a contract with $ZM. If you insist on playing this, I would wait for a breakout over 56 and use 55 as a stop loss.
I would encourage you to research some other SAAS companies that have bigger and better potential then this.
