glass tundra
- Bullish chart on $ORCL with support at multiple new ATHs testing against at the** $127.55 **level
- The purple rectangles represent support and accumulation periods which were proceeded by moves up.
- They are a strong AI contender for the year and following the bullish theme of this year, any company that maintains their AI outlook will get the cash for it from the market.
- Fundamentally, I remain bullish on Oracle in 2024. That's not specific to this specific earnings period but the outlook on the year. I can see ORCL shares doing very well this year if you do not want to take options.
-Position: Looking at a potential flyer/swing into earnings on the bullish side as ORCL pulls back into earnings.
