AdamDavis
06-12 00:54

$Oracle(ORCL)$  A massive cup and handle bullish pattern has been spotted. The measured move of this pattern is around the 365 area. Currently, the handle formation is in progress and is expected to complete around the 170 support area. The neckline of the cup is around 250-255. This means if the 170 support holds, there's a high chance of testing 250, and once that neckline is broken to the upside, the measured move could be completed next (around 360). So first things first – the 170 support needs to hold, otherwise the chances of this pattern being invalidated would increase.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment