In this video I explain why I think 
ORCL could see more downside before becoming a great long term buying opportunity. The first level I'm watching is $118.65, which is the low of a blue doji candle that I believe is likely to get revisited. I also go over prior examples on 
NVDA, 
QQQ, and 
GOOGL, where price revisited the low of a blue doji before pushing to new highs, and I'm expecting no different here.
Personally, I won't be buying any shares unlessORCL drops to $118.65. My ultimate buy level is $99.87, which is the major support level just beneath that doji low. If we see a break below the strong $135.57 support, I think selling pressure could accelerate again and send price down toward those lower buy levels.
This is strictly a long term investment idea purchasing shares only, no day trades or options. My long term price target is $346.06, the all-time high. From the ideal buy level of $99.87 back to $346.06 would be just under a 250% return on the share price, and potentially 500%+ on the leveraged ticker
ORCX, which is what I plan on purchasing.
ORCL could see more downside before becoming a great long term buying opportunity. The first level I'm watching is $118.65, which is the low of a blue doji candle that I believe is likely to get revisited. I also go over prior examples on NVDA, QQQ, and GOOGL, where price revisited the low of a blue doji before pushing to new highs, and I'm expecting no different here.Personally, I won't be buying any shares unless
ORCL drops to $118.65. My ultimate buy level is $99.87, which is the major support level just beneath that doji low. If we see a break below the strong $135.57 support, I think selling pressure could accelerate again and send price down toward those lower buy levels.This is strictly a long term investment idea purchasing shares only, no day trades or options. My long term price target is $346.06, the all-time high. From the ideal buy level of $99.87 back to $346.06 would be just under a 250% return on the share price, and potentially 500%+ on the leveraged ticker
ORCX, which is what I plan on purchasing.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.