See how the Double Bottom is playing out for ORCL. View live chart.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
A clear signal has emerged for Oracle Corporation (ORCL) on the daily chart. Price has moved to $114.99 (-4.21%) amidst recent volatility. The primary technical feature is a Double Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $194.64, targeting $274.54 with support near $154.7 (R:R 2.0).
What is your outlook on ORCL?