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OOOracle Corporation
234.62USDR
−14.45−5.80%
At close at Aug 19, 23:59 GMT
USD
No trades
ORCL trade ideas
Swin trade on ORCL 1 hour chartDiscalimer: I do not give solicitation to buy or short.
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
ORACLE finally pushed back from the support lineTarget horizon: 1-2 months
Target: $84
Stop order: $72
Technical analysis
The share price has pushed away from the local support line. Idea for the growth of the paper with a target of $84. The profit/risk ratio is 3.00.
Fundamental factor.
Oracle is a U.S. corporation, the second-largest software producer by revenue, the largest producer of software for organizations, and a major provider of server hardware. The company will report financial results for the first quarter of fiscal year 2023 today, Sept. 12. Analysts expect revenue of $11.33 billion and earnings per share of $1.08. If the report beats analysts' exp ectations and the company's management gives a good outlook, the market could put that positive value on the company.
(update) ORCLOracle triggered last week's commentary’s bullish scenario (trading above $71.20) and reached the objective of $74.90. Oracle may continue its uptrend as indicated by bullish readings in MACD, EMA10-EMA20 and price action showing higher highs and higher lows since June 2022. The latest upside resistance is $77.91. Alternatively, a daily close below $71.20 could present short selling opportunity with a potential retest of $68.23 support.
ORCLOracle had craved a series of higher lows since the June 2022’s low of $63.67. However, this upward momentum has been resisted by the $71.20 level. Oracle may attempt to test the $74.84 if there is a daily close above the $71.20 level. However, Oracle may be exposed to bearish momentum if there is a daily close below $66.86 level. That may present a potential retest of the June 2022’s low of $63.67.
Oracle: No end in sight for the pain!Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00
Resistance: 71.50 / 74.00 / 82.00
Support: 60.00 / 56.00 / 44.00
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Earnings watch 6/13 - 6/17Earnings watch 6/13 - 6/17:
6/13
ORCL
IDN
6/14
LICY
CNM
HITI
6/15
WLY
6/16
KR
ADBE
CMC
6/17
ALYA
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$ORCL Fade The News IdeaOracle shares rise on better-than-expected earnings report - CNBC
My thought process on this idea is the following:
1) 10yr yield @ 3.33
2) Strong dollar
3) Fed potentially raising .75 basis points, according to J.P. Morgan.
Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right now, it is a short the rip environment.
Oracle great opportunuty Excellent opportunity to accumulate or join LONG.
Long and Hold
Solid and super capitalized company
1) RSI 1w is crossing 50% to the upside
2) trend reversal on the average 200 and 100 at one week
Primary bullish trend.
contact us privately if you want to know more information about the financial markets.
Lpi.sa
