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.
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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
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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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.