Oracle (ORCL)Stock: Bull Flag Breakout Signals Potential Upside
2 min readOct 10, 2024
Oracle (ORCL) has recently completed a bull flag breakout, indicating a strong potential for upward movement. Here’s what traders should keep an eye on:
- Accumulation structure: ORCL formed a solid base, showing strength with a series of gap moves during earnings.
- Breakout level: Key resistance sits at $171. A breakout above this level could signal further gains.
- Stop-loss level: Traders might consider setting their stop-loss at the swing low of $165.
- Potential move: If momentum holds, we could see Oracle continue its upward trajectory.
Trading plan for Oracle (ORCL)
Want more trade setups with a trading plan in video?
- Click here to join me live every Tuesday so you will get 25++ (and more) actionable stock in a video with entries trigger and stop loss (so that you can calculate the position size), special topics (trading/investing), trade reviews, and get your stock…