1.29Open2.40Pre Close51 Volume1.47K Open Interest141.00Strike Price8.01KTurnover46.23%IV0.01%PremiumJul 12, 2024Expiry Date1.99Intrinsic Value100Multiplier0DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type0.7539Delta0.1212Gamma69.41Leverage Ratio-0.7479Theta0.0016Rho52.33Eff Leverage0.0177Vega
Oracle Stock Discussion
Oracle Corporation (ORCL US) $Oracle(ORCL.US)$
Daily Chart -[BULLISH ↗ **] Market shaped a bullish breakout of ascending channel. We stay bullish on Oracle, expecting price to hold above 137.50 support, before shaping a new push higher towards 156.50 resistance. Technical indicators advocating for a bullish scenario.
Alternatively: A daily candlestick close below 137.50 support will open a correction towards next support at 128...
Let's!
$ServiceNow(NOW.US)$ $Salesforce(CRM.US)$ $Adobe(ADBE.US)$ $Oracle(ORCL.US)$
Joined the S&P 500 on June 24.
Shares rose steadily after a 34% revenue increase to $921 million and higher guidance for the year.
Focus on AI has fueled share growth since its 2019 IPO.
Shares up 52% in 2024.
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