ORCL LONG (but wait for bottom of channel!)
ORCL and TikTok deal possibility makes this a bit interesting. Bullish trend with channel shown with strong support and resistance levels noted with arrows. Heavy green/red arrows show U-turns at the channel. Smaller red/green arrows show early U-turns.
Fib extension shows chart has already broken the $53.85 extension resistance level with next resistance at $63.45.
Wouldn't buy right now but would wait till at bottom of channel around $51.85.
Fib extension shows chart has already broken the $53.85 extension resistance level with next resistance at $63.45.
Wouldn't buy right now but would wait till at bottom of channel around $51.85.
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