Oracle CorporationPanjang
$ORCL - the next bet
What a start to year 2024. If you referred to my previous post, I entered 
PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level.
On 2nd January 2024, when the whole market tanked,PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead.
Moving on to my second trade of the year, ORCL. Honestly this is more like a bet trade instead, setup is not too perfect to risk but since the price is testing weekly 50SMA I would expect it to bounce up by 5-10% in 1-2 weeks time. My setup is as follows:
Entry: 102.95
TP: 108 - 114
SL: 99.22
Risk-Reward is not too great but time will tell if my instinct is right.
PFE at USD28.79 after a bullish ice cream weekly candle was formed at key support level. On 2nd January 2024, when the whole market tanked,
PFE moved up 5% in a day, I was hoping for a higher gain over a longer run but I would prefer to bag 5% gain instead. Moving on to my second trade of the year, ORCL. Honestly this is more like a bet trade instead, setup is not too perfect to risk but since the price is testing weekly 50SMA I would expect it to bounce up by 5-10% in 1-2 weeks time. My setup is as follows:
Entry: 102.95
TP: 108 - 114
SL: 99.22
Risk-Reward is not too great but time will tell if my instinct is right.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.