By Yahoo Finance Video
Publication Date: 2026-05-15 21:25:00
00:00 Speaker A
We now bring Bob Lang, founder of Explosive Options for the Options Playbook sponsored by Tasty Trade. Let’s also talk about some specific names and professions. Start with Oracle. You mentioned that W formation. Just break it down for us.
00:10 Speaker B
Now if you look at two different chart patterns, uh Josh, a W and an M, I would call W for victory and M for murder. So M is more bearish, W is much more bullish. Recently, Oracle suffered a double bottom hit. It broke away from the 165, 170 mark and has now moved much higher and is heading towards some resistance levels. But a nice series of higher highs and higher lows, Josh, on this chart makes me feel pretty good about going long this stock. Resistance is right here at the 200 moving average, currently at $208. It’s about 5% off the current share price. Strong options call volume in June was between 200 and 240 strikes. Now of course…
