Oracle (ORCL): Bull flag breakout signals massive gain ahead [Video]

by · FXStreet

Oracle has shown impressive movement following a breakout from its recent accumulation structure. Here's what traders need to know:

  • Accumulation structure: Oracle formed a strong accumulation base, despite gaps during earnings.
  • Bull flag formation: After a sign of strength rally, a bullish flag pattern emerged, indicating possible continuation upward.
  • Key level to watch: A breakout above the $171 level will confirm this move, with potential gains ahead.
  • Stop-loss strategy: Traders should consider placing stops near the swing low around $165.

Trading plan for Oracle (ORCL) stock [Video]

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