ORACLE Slowly turning into a long-term Buy again.

Oracle (ORCL) gave us an excellent buy signal on our last call (September 18 2024, see chart below):

For the past 30 days it has been on a technical decline, which based on its +2 year pattern, is nothing but the Bearish Leg of the Channel Up. The 1W MA50 (blue trend-line) is the natural Support of this trend but the September - October 2023 Bearish Leg bottomed a little over the 0.382 Fibonacci retracement level.

As a result we expect the stock to turn into a buy by the end of the month or if the 1W RSI hits its 42.70 Support first and initiate the new Bullish Leg, which at first shouldn't be that aggressive.

Our Target is a little below the -0.236 Fib extension at $220.00.

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