Oracle solutions drive surge in its stocks
The IDC MarketScape report, "Worldwide Retail Operations Management Solutions 2023 Vendor Assessment", ranks Oracle's solutions as the best for the retail sector. These are tools for retail trade, cloud services for daily operations management, merchandising, purchasing control, and more. Experts commend the potential of Oracle's new solutions, incorporating elements of artificial intelligence (AI), to modernise outdated IT systems in dozens of countries.
So, today, let's look at the Oracle Corp. (NYSE: ORCL) stock chart.
On the D1 timeframe, resistance has formed at 106.70, with support at 103.29. The upward trend may continue after quotes break through the resistance level. The corrective decline may end after the quotes reach a historical maximum.
On the H1 timeframe, a breakthrough of the 106.70 level could set a short-term target for a price increase at 115.50, while in the medium term, it could hover around 126.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So, today, let's look at the Oracle Corp. (NYSE: ORCL) stock chart.
On the D1 timeframe, resistance has formed at 106.70, with support at 103.29. The upward trend may continue after quotes break through the resistance level. The corrective decline may end after the quotes reach a historical maximum.
On the H1 timeframe, a breakthrough of the 106.70 level could set a short-term target for a price increase at 115.50, while in the medium term, it could hover around 126.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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