$ORCL
Added 2024-07-03 11:38:34 +0000 UTC$ORCL has broken out of its long yellow channel and has now retested the breakout line, held and now bounced and looks like it can continue moving higher to our Wave 3 target at the 1.618 Fib at $167.
I have been a big fan of $ORCL for the last 18 months and the chart has moved perfectly.
It is a Mega Cap that normally flies under the radar but heavily involved with the other Mega Caps in a reliable ecosystem, so when they gain, $ORCL benefits too.
Worth considering.
Comments
This is a good example of a stock in wave three and above the target for wave 4 pull back. You say 'worth considering', but if you don't have a position here, are you suggesting it's a good time to open one?
Nick E
2024-07-03 11:54:35 +0000 UTC
