$Oracle(ORCL)$ earnings selloff may be giving bulls their next entry 🚨
Back in July, this setup was nearly perfect when we called the bottom.
The stock rallied more than 50% in just 50 days.
I remain bullish over the next six months, with a potential path toward $200 to $220.
But the recent earnings reaction matters.
On the weekly chart, there is a massive 1 billion-share block between $138 and $142.
That zone could become significant support over the next few weeks.
My base case:
• Pullback into $138 to $144
• Buyers defend the zone
• Price begins the next move higher
The setup changes if price breaks below $138.
That would open the door to a possible retest of $120.
Until then, I’m not guessing the next move.
I’m waiting for price to reach the level, then letting the framework tell me what to do.
Watch $138 to $144.
That’s the decision zone.
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