Shin Moomoo MY wrote a post · Jun 12 03:35

Naked Chart Trading: ORCL 12 Jun 2024

$Oracle (ORCL.US)$ jumped as much as 11% in extended trading after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.

Here's how the company did in comparison with LSEG consensus:

Earnings per share: USD1.63 adjusted vs USD1.65 expected

Revenue: USD14.29bil vs USD14.55bil expected

$Oracle (ORCL.US)$ Weekly Chart

Can Oracle surpass its previous high and hit a new record?

Long tern trend: Bullish

Short term trend: Sideway to bullish, close above USD133 to trigger more upside

Fibo Analysis (Dec 2023 low to Mar 2024 high): Higher lows as price rebound from 38.2% and followed by 50%, signaled a healthy rebound and higher chance to break new high, as the price sustain above 61.8% now

Resistance: USD133, USD141, USD145, USD150

Support: USD112, USD106, USD98

Wide range sideway USD98-USD133 pending breakout

Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.

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103149588 : Hello shin. Does moomoo my only allow trading for US and MY stocks? can i trade on indices ?

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Shin Moomoo MY

Trading is a mirror that reflects everything about myself 交易就是一面反映自身一切的镜子

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