Technical Pulse: Oracle Corp November 25, 2021 286


Oracle Corp (US: ORCL) upside has fresh technical signals. So, we are maintaining our outlook based on our recent report dated 17th November 2021 :


  1. The formation of the larger bullish flag is likely confirmed after the price was well supported, indicating a bullish continuation signal.
  2. The piercing line candle formation has successfully rebounded at the immediate support at US$91.08-US$92.32.
  3. The Ichimoku wave analysis indicates that there will be one more “N” wave coming along for the next possible 26 periods of upside starting from today.



*Expected timeline of the trade is 15 weeks from the date of report issuance.



Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Blackline = 26 periods Chikou Span. Lagging line

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