Oracle CorporationLargo
$ORCL Pennant Breakout?
I have been watching ORCL since it reported earnings and have been waiting for it to consolidate that big earnings gap. It looks like it has done that, and it broke out of a pennant formation this morning.
I started a ½ size position here at 168.18 and have a stop just below yesterdays low of 163.92. That is just over a 2.5% stop loss. Let’s see what happens.
Ideas, not investing / trading advice.
ORCL since it reported earnings and have been waiting for it to consolidate that big earnings gap. It looks like it has done that, and it broke out of a pennant formation this morning.I started a ½ size position here at 168.18 and have a stop just below yesterdays low of 163.92. That is just over a 2.5% stop loss. Let’s see what happens.
Ideas, not investing / trading advice.
Nota
ORCL is not behaving well here but I will stick to my original stop. It looks like it "may" find some support at the 2 day ago AVWAP... We'll see.
Nota
I am now glad I wasn't stopped out on ORCL. I added to my position yesterday and now have a 3/4 size. It is looking like it "could" breakout of the new flat base. TBD.
Nota
ORCL I have added again this morning to bring this up to a full position. Today's buy was at 177.13. My average price is now 171.30. My stop will be moved up to just better than break-even. Let's see what happens.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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