When a major stock like Oracle (ORCL) pulls back 31% from its all-time highs, traders take notice. For many, a significant drop like this spells trouble. But for the disciplined trader, it can signal a prime opportunity. The key is to understand where the stock might find its footing, and right now, Oracle is testing
Market couldn't care less about this once trillion dollar company, Oracle (ORCL) falling 31% in the last two months.
I would stay away from trading Oracle (ORCL)Â until it can test the rising trend-line here and show it can hold it.
In 10 minutes Oracle (ORCL) drops $20/share, or about $50 billion in market cap.
Oracle (ORCL) is pushing all of its chips into the middle on this AI craze with its debt-to-equity ratio. Going to be ugly if this bubble pops!
Love this chart from ZeroHedge on Oracle (ORCL) - apparently you can miss earnings, but as long as you make some crazy chart like this showing future projections out the wazoo, then all is fine.
Costco Wholesale (COST) reports earnings on the 14th and people are chasing this 44 P/E stock right higher still. Total lunacy! As Luckin Coffee (LKNCY) continues to sell-off look for a pullback & buy opportunity at the lower channel band here. Major support looms for Oracle (ORCL) to be tested at $98. Could
That is a ton of put buying going on with $TSLA today. Still not a reason for me to play earnings though. Rising trend-line on $TSLA beginning to break down ahead of the its earnings report. $CBRL 25 year support level holding up so far and allowing for a bounce to materialize. Key moment for
$URA rallies continues, best entry is to wait for a pullback to the rising trend-line, managing it as a current trade, I would be using the 10-day MA and a break below for taking profits. Could play the $V triangle breakout but some stiff overhead resistance nearby limiting the R/R for the setup. $ORCL starting
Coinbase Global (COIN) finally starting to break out of the declining channel from mid-July. Very little resistance overhead from here to continue to the climb. Imagine getting stopped out on a random 7% drop mid-day for no reason at all on Oracle (ORCL). No news that I can find anywhere. Starbucks (SBUX) breaking