POC @ $273.74
ATH was $369 back in December 2024.
ORCL had new ATH a few days ago, and other AI and Cloud names also.
Cloud Service is robust.
MACD on the 5Day Crossing and Curling
Fib 0.618 @ $271 turned into Support, (this Fibo retracement was taken from last move from May 2024 Low to ATH Dec 2024 $369)
First Target next Huge Resistance @ 0.5 Fib $289.98 Which coincides with AVWAP from ATH
Next Earnings 20 August, which might work as a Catalyst.
What Else? Volatility is High so Beware because as always: Anything can Happen.
My Plan: August 2025 290 Calls
ATH was $369 back in December 2024.
ORCL had new ATH a few days ago, and other AI and Cloud names also.
Cloud Service is robust.
MACD on the 5Day Crossing and Curling
Fib 0.618 @ $271 turned into Support, (this Fibo retracement was taken from last move from May 2024 Low to ATH Dec 2024 $369)
First Target next Huge Resistance @ 0.5 Fib $289.98 Which coincides with AVWAP from ATH
Next Earnings 20 August, which might work as a Catalyst.
What Else? Volatility is High so Beware because as always: Anything can Happen.
My Plan: August 2025 290 Calls
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.