Nov. 21 at 4:44 PM
$ORCL Nasty -44% drop since Sept 10. ORCL was one of the first to be punished for supposedly bloated (??) AI valuation ahead other major AI stocks.
[NEGATIVE TECHNICALS]
■ Bollinger Band is stretching wider and price is hugging the lower band.
■ MACD is still bearish: below zero line and below signal line. However, blue line is getting closer to crossing red line.
■ No super big volume to confirm capitulation. Looks like steady selling.
■ The gap fill near
$180 is something to consider
[HUGE UPSIDE]
■ The consensus average of 43 analysts target price is
$343 with 73% upside potential.
■ ORCL usually rebounds when RSI is in oversold, which is at 24.
■ Next ER is Dec 8, just 2 weeks away. I expect discount buying gradually leading up to the ER as long as market doesn't do deep crash.
I've added bunch of 2x leverage
$ORCX at
$18.
$SPY $QQQ
