Oracle ($ORCL) Gap-Fill & Earning Jump Play
Theory: Oracle has a history of significant price gaps after earnings reports. The stock is currently trading within an ascending channel and has an open gap from the last earnings. I expect a pullback to close this gap before the next earnings report triggers a potential upward gap.
Ideal Entry Point: 142.51 - 144.97 USD (after the gap fills and the price hits channel support).
Profit Taker: Targeting 192.27-195.02 USD (2 weeks range after earnings report), aligning with the top of the ascending channel and historical earnings reactions. This move represents a potential 35%+ gain.
Disclaimer: This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
Ideal Entry Point: 142.51 - 144.97 USD (after the gap fills and the price hits channel support).
Profit Taker: Targeting 192.27-195.02 USD (2 weeks range after earnings report), aligning with the top of the ascending channel and historical earnings reactions. This move represents a potential 35%+ gain.
Disclaimer: This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
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