Hello Traders,
ORACLE, the US listed company shows a similar picture as Upwork did!
Here, a break to the upside is at hand too in the coming hours or days!
Breaking above $117.69 opens the door to $119.72, above that area to $120.82. More bullish potential is in the cards.
On the other hand. A break to the downside @ $115.36 with higher volume turns the level of $113.47 into focus, below that lower to $111.- range.
Here too, the risk/reward is great and well to play with an options trade.
Entry @ a break of $117.69 with targets as described; stop loss @ ~$115.-!
I keep my fingers crossed, for all those who will play this idea!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
ORACLE, the US listed company shows a similar picture as Upwork did!
Here, a break to the upside is at hand too in the coming hours or days!
Breaking above $117.69 opens the door to $119.72, above that area to $120.82. More bullish potential is in the cards.
On the other hand. A break to the downside @ $115.36 with higher volume turns the level of $113.47 into focus, below that lower to $111.- range.
Here too, the risk/reward is great and well to play with an options trade.
Entry @ a break of $117.69 with targets as described; stop loss @ ~$115.-!
I keep my fingers crossed, for all those who will play this idea!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.