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.
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.