On March 13, 24, 
ORCL gap up after earnings on huge volume and is now trading at the area of the all-time high.
The stock has traded around this area in the past 2 times, during June, 2023 and September, 2023. Interestingly, the peaks of June and September were also around the earnings date.
The question now is canORCL reach new ATH this time?
The trading idea is to buy the stock as it crosses up the high of March 13, 24 which is 130, and cut loss if it will go down below the resistance at 127.
Another trading idea is similar to what I wrote for
DELL (see below in the related idea), which is wait for some days for a range to form and then trade that range.
Based on the actual situation that will occur we can execute our plan accordingly.
ORCL gap up after earnings on huge volume and is now trading at the area of the all-time high. The stock has traded around this area in the past 2 times, during June, 2023 and September, 2023. Interestingly, the peaks of June and September were also around the earnings date.
The question now is can
ORCL reach new ATH this time?The trading idea is to buy the stock as it crosses up the high of March 13, 24 which is 130, and cut loss if it will go down below the resistance at 127.
Another trading idea is similar to what I wrote for
DELL (see below in the related idea), which is wait for some days for a range to form and then trade that range.Based on the actual situation that will occur we can execute our plan accordingly.
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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.