Oracle (ORCL)Stock: Bull Flag Breakout Signals Potential Upside

Ming Jong Tey
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.
Oracle (ORCL)

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Ming Jong Tey
Ming Jong Tey

Written by Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/

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