From fundamental anaysis this sharp down only correction, coz oracle have many good financial data.
from financial strength, this stocks have 6/10 score, with :
Interest Coverage 6.81
and have 7/10 profitability/growth, with :
Operating Margin %33.64
Net Margin %25.35
PE ratio : 21.04
If we look at ,
before earning this stocks hit resistance channel up, and down 10%, but still inside channel.
we have support around 0.382 fibonacci, but we still have 1 more down price after dividents this october.
Maybe we still have false break after dividents and continue to to reach new ATH with target at 54.77 and maximum at projection at 56.92
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