Oracle (ORCL) is trading around the $140 to $141 range, down roughly 26% Year To Date. Shares have recently decline due to investor anxiety over surging AI capital expenditure, massive infrastructure investments, and deteriorating free cash flow, despite stellar revenue and cloud growth.
Technical outlook:
Stock have been on bearish, for a couple weeks now. Price is currently at the major support and demand level, in respect of the structure. Sellers seems to be getting exhausted already, as we anticipate a buy retracement between $133-$137.80.
Key point:
A confirmed reverse at this point, activates a buy position, eyeing $170, as next potential high.
Thanks for reading.
Technical outlook:
Stock have been on bearish, for a couple weeks now. Price is currently at the major support and demand level, in respect of the structure. Sellers seems to be getting exhausted already, as we anticipate a buy retracement between $133-$137.80.
Key point:
A confirmed reverse at this point, activates a buy position, eyeing $170, as next potential high.
Thanks for reading.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.