Oracle (ORCL) stock has caught the attention of traders with a recent breakout from a bull flag pattern together with another 2 stocks discussed in this post. Here’s what you need to know about this exciting setup and key levels to watch.Key Highlights:
Strong Accumulation Structure: Oracle has formed a solid base with a clear accumulation pattern, indicating strength in the stock. Despite gaps during earnings, the structure remains intact.
Bull Flag Breakout: The recent bull flag formation and breakout is a bullish indicator. This pattern typically signals the continuation of an upward trend after a brief consolidation period.
Key Resistance at $171: The critical level to watch is $171. A strong commitment above this pivot level could trigger further upside, making it a potential entry point for traders.
Support at $165: On the downside, the stock has support at $165, providing a clear stop-loss level for risk management.
Potential Upside: If Oracle can hold above $171, the stock could be poised for a significant rally. Traders should keep an eye on how the stock behaves around this level.
Oracle’s recent breakout offers bullish signals, and the stock could see a substantial move higher. Watch these key levels closely for potential trading opportunities! Oracle (ORCL) stock analysis video
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