ORCL Technical Outlook – Rebound Within Rising Channel Ticker:

🖥️ ORCL Technical Outlook – Rebound Within Rising Channel

Ticker: ORCL (Oracle Corp.)
Timeframe: 30-minute candles

🔍 Current Setup
ORCL recently sold off from the 245–246 resistance zone, dropping sharply before finding support near 229. From there, price has begun to rebound, carving out a rising channel.
Immediate support: ~229
Immediate resistance: ~244–246
Current price: ~237.50, climbing within the channel.

This suggests ORCL is in a short-term recovery phase, but it must break back above 244–246 to resume its broader uptrend.

📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 244–246.
Intermediate Targets:
252–255 → Next resistance cluster.
260–262 → Extension zone.

Measured Move Target: ~265–267 (channel projection).

🔻 Downside (Bearish Scenario)
Trigger: Break below 229, which would invalidate the rising channel.
Intermediate Supports:
225–223 → Minor support.
218–215 → Stronger base.

Measured Move Target: ~210–212 (retracement target).

📈 Volume Analysis
Selling volume spiked on the drop to 229, showing heavy liquidation.
Current rebound is on lighter, steady volume, consistent with a relief rally.
A breakout above 246 requires a surge in volume to confirm bullish intent.

⚖️ Probability Bias
The short-term structure favors a rebound toward 244–246.
However, this level is the line in the sand — failure to reclaim it would likely result in renewed selling pressure.

✅ Takeaway
ORCL is in a channel recovery after its sharp sell-off:
Bullish Break > 246: Targets 252 → 260 → 265–267
Bearish Break < 229: Targets 225 → 218 → 210

The battle at 246 will decide whether ORCL resumes its uptrend or continues lower.