$ORCL - RC -
Added 2023-12-19 13:12:04 +0000 UTC$ORCL has pulled back since June, unlike the other Large - Mega Tech stocks, even though their earnings have been a beat but they not performing particularly exciting numbers.
That being said, it had a strong start to 2023 from October '22 and ran from $62 on the 0.65 Fib to $128 in July '23 so it jumped over 100% in a short period of time....so a pull back was due.
Impulse wave and trend is still bullish here, and we can see the price action has been working its way through the fib support levels in green.....if support is found here, it can move higher to complete Wave 3 at $169.
Comments
What is your opinions of potential bear case?
rishi rao
2023-12-25 05:57:12 +0000 UTC
