Weekly Stock Pick: ORCL Continues the Trek Higher

Hello Traders!

As part of my weekly equity trade analysis, I will be uploading my recordings of what I am seeing and intending to trade for the week. A quick summary of what's in the video is as follows:

- ORCL has been a headliner stock for the last couple months since its earnings, fueled by momentum in the Cloud AI and Services space
- Right now price action is in full on MOMO mode and trending towards its fibonacci extension levels of $265-$280. This is not the price action of ORCL of yesteryear
- We are expecting a retracement to resolve some imbalances, but to structurally hold key levels above the previous consolidated high of $241.44
- Our vehicle of choice this week are the $255 weekly calls with our entry being inside the highest daily order block. Our entry area is between $0.47 and $0.35. Our price target is $260

Cheers,

DTD

Financial Risk Disclaimer |

DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes only. I'm just showing you guys how I invest and day trade, but remember, investing of any kind involves risk. Your investments are solely your responsibility and not mine. While day trading can bring substantial gains, it can also bring serious losses! So make sure you do your research to fully understand the market before diving in. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility.