Peter Smith
⬤ Oracle shares are catching their breath after an extended slide, finding stability right above an upward-sloping support line on the daily chart. This rising support has held firm through recent tests, showing that selling pressure is drying up around current price levels. The stock is hovering just under $202, where it's been stuck in a narrow range after the latest pullback.
⬤ That $202 level is what everyone's watching right now. Price is sitting just below this resistance zone but hasn't managed a clean break higher yet. What's interesting is the volume—you can see clear spikes right around that support line, which tells us buyers are stepping in when the stock dips. This kind of action usually means the market isn't ready to give up on this level.
⬤ The momentum picture is getting more interesting too. The RSI is showing a bullish divergence—it's been climbing even as price moves sideways, which typically hints at building strength under the surface. The volume profile also shows a thick cluster of trading activity between $200 and $210, confirming this range matters for where the stock goes next.
⬤ Oracle is sitting at a crossroads right now. As long as it holds above that rising support, the setup stays healthy. A confirmed push above $202 would flip the script and open up room for a real move higher. Until that happens, all eyes stay on the support line and that $202 trigger—these two levels will dictate where Oracle heads in the near term.
Peter Smith
