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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.