pool adsManaging Risk in Oracle Corp $ORCL by Using Price Action
This price action in Oracle Corp (NASDAQ: ORCL) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for ORCL below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 61.13 |
| P2 | 66.72 | 66.59 | 64.22 |
| P3 | 67.67 | 68.40 | 66.80 |
Support and Resistance Plot Chart for ORCL
Long Term Trading Plans for ORCL
March 4, 2021, 2:15 pm ET
The Technical Summary and Trading Plans for ORCL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ORCL Report.
ORCL - (Long) Support Plan
The technical summary data tells us to buy ORCL near 64.22 with an upside target of 66.80. This data also tells us to set a stop loss @ 64.03 to protect against excessive loss in case the stock begins to move against the trade. 64.22 is the first level of support below 65.78 , and by rule, any test of support is a buy signal. In this case, support 64.22 is being tested, a buy signal would exist.
ORCL - (Short) Resistance Plan
The technical summary data is suggesting a short of ORCL as it gets near 66.80 with a downside target of 64.22. We should have a stop loss in place at 66.99though. 66.80 is the first level of resistance above 65.78, and by rule, any test of resistance is a short signal. In this case, if resistance 66.80 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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