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Oracle (ORCL) Weekly Flag Setting Up As Value-Tech Comes into Focus

Oracle (ORCL) Weekly Flag Setting Up As Value-Tech Comes into Focus

by | Sep 28, 2021 | Chart SetUps

Oracle (ORCL) shares working above monthly value yesterday and poised to break out of a multi-week range to new highs. A move above $92 has room to run to $100 and a long-term continuation of the trend can stretch to $105-$110. Shares are hitting the ‘ready to run’ scan today with MACD crossing over bullish and plenty of room for expansion while RSI is above 60 and inflecting higher.