$ORCL

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Looking at the intraday structure on the 1-hour timeframe, ORCL has clearly shifted from a bearish downtrend into a bullish reversal. The market previously established a swing low around 109.21 and began carving higher lows. The most significant structural break (BOS) occurred when the price blasted through the previous resistance levels, surging past the 120 psychological barrier and the MA120 (126.32), completely invalidating the prior bearish structure and confirming a strong bullish momentum shift.

The price action is currently exhibiting extreme bullish strength, highlighted by the massive intraday green candle showing an +8.86% gain with the intraday high at 128.41. The current 1-hour candle is a small red retracement candle (currently at 126.00), which is a healthy pullback after a violent upward expansion. Price is now trading well above the short-term moving averages (MA5, MA10) but faces immediate overhead resistance near the MA250 (132.32) and the recent swing high. The MACD is strongly bullish with the MACD line (2.61) well above the signal line, and the histogram is expanding, confirming buyers are in control.

My plan is to avoid chasing this explosive move. I will wait for a controlled pullback to the immediate support zone between 123.84 (Today's Open) and 121.77 (MA60). I will look for a bullish rejection candle (like a hammer or bullish engulfing) in that zone on a lower timeframe (15m) to enter a long position. My stop loss will be placed strictly below the MA120 at roughly 119.50 to protect against a failed breakout, and my first target will be a retest of the pre-market high at 128.41, with a secondary target near the MA250 at 132.00.

I predict that ORCL will experience short-term consolidation or a shallow pullback to digest this massive +8.86% move. Retail traders will likely take profits, causing the price to dip toward the 123-124 area. However, as long as the price holds above the 121 (MA60) level, the macro momentum remains intact, and I expect the stock to attempt another leg up to challenge the 130-132 resistance zone during regular market hours.

What trade plan i follow and why❓️

I follow a "Pullback-to-Support" (trend continuation) strategy. I am choosing this because entering right now at 126.00 carries high risk of getting trapped at the top of a volatile 1-hour candle. By waiting for a retracement to the MA60 or the day's open, I improve my risk-to-reward ratio, allowing for a tighter stop loss while still trading in the direction of the dominant, heavily backed institutional momentum.

When i start my trade❓️

I will start my trade only after the US market opens (Regular Trading Hours) to gauge the true volume and liquidity. I will specifically look to enter if the price dips into the 123.80 - 122.50 support cluster and forms a confirmed bullish reversal pattern on the 15-minute chart.

The most notable pattern on the chart is the large Bullish Marubozu (or near-Marubozu) that drove the price from ~118 to the 128 range. This pattern, characterized by a long green body with very little to no wicks, indicates overwhelming buying pressure and institutional accumulation. The current small red candle is merely a "Doji" or "Spinning Top" style candle, representing indecision and a temporary pause in the uptrend.

Bullish. The trend has officially reversed, supported by strong volume, a MACD crossover, and a break of major moving average resistance. The stock is currently undergoing a healthy, minor pullback before its next leg up. As long as price remains above the 121-122 zone, the outlook remains highly positive.