What’s Next for ORCL After a 39%+ Decline? Potential Buy

Oracle recently surged to an all-time high of approximately $346, followed by a sharp correction of more than 39%, bringing the price into the key Fibonacci 61.8% retracement zone.

This level has historically acted as a strong technical area for potential reversals.

The decline has also resulted in the development of an ascending trendline, which is currently serving as a major support zone on the chart.

Technical Outlook

Potential Buy Zones:

Entry Zones: $219.86 (Entry 1 & 2)

Target Levels:

TP 1: $260

TP 2: $300

Risk Consideration

If the ascending trendline fails to hold, the chart suggests a possible additional downside of approximately 8% before the next support region.

As always, apply strict risk management and adjust your position sizing accordingly.

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