Oracle $ORCL


Largest and sharpest pullback since 2000 dotcom (-60%) but one major difference. Price moved in a textbook ascending channel, respecting support and resistance from 2000 - 2023 while also holding onto its 55m EMA.
Since then, price broke above the channel to create a new trend, which allowed Oracle to extend to the 2.272 fib ~$380 range back in September. Stock has fiercely pulled back to the top of its 23 year trendline where it's holding as support for the last 3 months
Small possibility that IF the market were to roll over it can visit $115-125 but as price is flirting on the 55m EMA again, a level that's held up for two decades + served as a long-term accumulation area, this area can be enough for a correction
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