Home Markets Stocks Chart of the Day: Oracle May Have Found Support

Chart of the Day: Oracle May Have Found Support

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May 7, 2024

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Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support.

The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to rebound after holding previous levels.

The stock is also …

For more, please click here to view the related idea and chart analysis on TradingView.

Oracle (ORCL), *daily chart, with selected patterns and indicators, courtesy of TradingView*.

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