We continue to analyze the decline in Oracle stock.
In the previous idea, we reached the first target at 150, with price moving exactly along the projected path.
Wave 5 doesn’t look complete yet, so we expect further downside.
Before the next leg down, the price may pull back to around 165 or slightly lower.
Key targets:
Potential move from the current level: 11-21%.
A move below 100 is possible, but it’s too early to consider and seems unlikely for now.
Let’s focus on executing the current idea first.
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In the previous idea, we reached the first target at 150, with price moving exactly along the projected path.
Wave 5 doesn’t look complete yet, so we expect further downside.
Before the next leg down, the price may pull back to around 165 or slightly lower.
Key targets:
- 129
- 117 / 115
Potential move from the current level: 11-21%.
A move below 100 is possible, but it’s too early to consider and seems unlikely for now.
Let’s focus on executing the current idea first.
---
Subscribe and leave a comment.
You’ll get new ideas faster than anyone else.
---
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.