Oracle has always been in the market and next AI powered software company. Trend is strong and strong Earning break out which shows good faith and strong volume. I believe it will go upto $200
Seems it is going to break out low. Usually I have seen this type of trendlines breaking down when it is curving down
I have some reasons to believe that it will start shorting soon and that's going to hard too. 1) Parabolic move without even cutting of interest rate 2) AI driven the market not all stocks in NASDAQ went up 3) Profit booking at this point 4) RSI overbought 5) Rising Volume (best way to see traps)
Cup and Handle for Investors, Very long bull after good pullback 1) Needs to correct 2)Cup and Handle is very reliable 3) needs to come closer to 200 EMA on monthly 4) Investors (whales) buy at lower price and sell at higher 5)once the handle will be complete and shows any potential break to yup then start buying.
Multiple Bounce at this point. Higher potential but slow
Once It start showing Pump in market, It will break up like previous pole and flag pattern.
Open CE at pointed area, Higher chances of bounce
Very Identitcal, Rebound upto $68000 as per previous FIBs
Please see the support and resistance, i will adding my shorting from those resistance.