Oracle is having a sharp sell off during September, the strongest since September last year (2022), which formed the market bottom. It is almost oversold on the 1D technical outlook (RSI = 30.957, MACD = -2.920, ADX = 37.867) with the price approaching the 1W MA50, which is untouched since November 7th 2022.
On this 1W chart we have market the time of a 1W MA200 breach that was followed soon after with a strong rebound. Our trading strategy is to enter a long term buy and hold on the 1W MA50 and if by any chance (unlikely) tests the 1W MA100, then unload the rest of longs there. This will be an ideal long term buy opportunity (TP = 130.00).
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On this 1W chart we have market the time of a 1W MA200 breach that was followed soon after with a strong rebound. Our trading strategy is to enter a long term buy and hold on the 1W MA50 and if by any chance (unlikely) tests the 1W MA100, then unload the rest of longs there. This will be an ideal long term buy opportunity (TP = 130.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.