Oracle (ORCL): Bull flag breakout signals massive gain ahead [Video]
by Ming Jong Tey · FXStreetOracle 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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