Oracle Corporation's stock is exhibiting strong bullish characteristics supported by multiple technical indicators. The trend, supported by moving averages, RSI, MACD, and Ichimoku Cloud, indicates further potential for upward movement. The recommendation is to enter a long position with the outlined targets and stop-loss levels, capitalizing on the bullish momentum.
Price Prediction: Based on the current analysis, Oracle Corporation's stock could reach $133.38 in the short term, with the potential to move towards $148.59 if the bullish momentum continues.
Long Position: Enter a long position at the current price level of $124.13. The target price is $133.38, with a stop-loss set at $119.00 to protect against downside risk. This stop-loss is placed just below the 20-day SMA, which acts as a strong support level.
Short Position: A short position is not recommended at this time due to the prevailing bullish trend. However, if the price drops below $119.00, consider shorting with a target price of $108.36 (S1), and a stop-loss at $123.00.
Price Prediction: Based on the current analysis, Oracle Corporation's stock could reach $133.38 in the short term, with the potential to move towards $148.59 if the bullish momentum continues.
Long Position: Enter a long position at the current price level of $124.13. The target price is $133.38, with a stop-loss set at $119.00 to protect against downside risk. This stop-loss is placed just below the 20-day SMA, which acts as a strong support level.
Short Position: A short position is not recommended at this time due to the prevailing bullish trend. However, if the price drops below $119.00, consider shorting with a target price of $108.36 (S1), and a stop-loss at $123.00.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.