In the video above, I take a look at Oracle the day after running higher on fundamental news of a joint venture took the price above the 100 day MA and the 200 hour MA. Both breaks to the upside were bullish technically. Those levels also helped to define risk for traders looking for more momentum in the direction of the break.
As outlined in the post yesterday, “Close risk is the 100-day MA at $170.48 and below that the 200-hour MA at $168.50”. Staying above was more bullish.
The price…
Article Source
https://www.forexlive.com/technical-analysis/oracle-continues-its-run-to-the-upside-what-now-technically-for-the-stock-20250122/
