Mar. 11 at 4:39 AM
Now we can add
$ORCL to the list of names that have broken out under the
$IGV
This is critical because ORCL a top 5 weighing in the software ETF — just behind
$MSFT $PLTR
Back when IGV was at 77 I send out a similar analysis on it as I did with CL — in that a major reversal would come quickly.
IGV has similarities to
$HIMS under the hood aa well — historically oversold with unprecedented short volume.
These shorts on IGV have yet to cover. Many analysts still believe the software names will make new lows again.
I personally strongly disagree with this assessment as I have IGV headed to 110 from here.
