Usman Salis
⬤ Oracle's share price is rising after it found solid support near 200. The stock lost 46 percent in 55 trading days then steadied in late November. It now trades near 220 and gains traction as it moves away from that low. The next barrier stands at 250, where multiple moving averages converge - they will either back the advance or halt it.
⬤ The chart shows that Oracle has regained its shorter term averages plus now nears the 50-day and 100-day lines grouped near the mid-240s. Analysts label 250 as the next upside target but also note a rounded base under construction. The pattern hints that sellers have exhausted themselves and buyers now dominate.
⬤ Momentum gauges have turned up. The RSI has risen above 50 after a long stay in weak territory. The MACD has started to curl higher as well as volume has returned to normal following the November rout. Taken together the readings suggest Oracle has finished a base and started a true reversal, not a brief bounce.
⬤ A clear close above 250 would lock in the recovery or could lift sentiment across large tech names. The demand zone around 200 has held and now underpins the turnaround. Whether Oracle keeps its momentum through the approaching moving average wall will decide if the advance continues or stalls at that technical ceiling.
Usman Salis
