ORCL LONG
Analysis: 
ORCL - Oracle is an information technology company and makes all sorts of products and services. Fundamentally ORCL is worth upwards of 170/share when compared to its industry peers. Technically ORCL is finishing a wave 4 correction, and should see a nice bull run again to catch up. Look for a break over $79.50 for your initial long entry, with additions on breakout confirmation over $81.00. Play invalidates under the uptrend line.
Key Levels to Watch
Breakout Level: $32.50
Resistances:
R1: $80.65
R2: $81.00
R3: $84.00
R4: $86.15
Supports:
S1: $78.70
S2: $78.15
Ways to Play:
June 18th calls have the highest open interest as well as Jan 21st of 2022. Look for a strike near or in the money.
Shares are also safe
ORCL - Oracle is an information technology company and makes all sorts of products and services. Fundamentally ORCL is worth upwards of 170/share when compared to its industry peers. Technically ORCL is finishing a wave 4 correction, and should see a nice bull run again to catch up. Look for a break over $79.50 for your initial long entry, with additions on breakout confirmation over $81.00. Play invalidates under the uptrend line.Key Levels to Watch
Breakout Level: $32.50
Resistances:
R1: $80.65
R2: $81.00
R3: $84.00
R4: $86.15
Supports:
S1: $78.70
S2: $78.15
Ways to Play:
June 18th calls have the highest open interest as well as Jan 21st of 2022. Look for a strike near or in the money.
Shares are also safe
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