Saad Ullah
⬤ Oracle has pulled back hard to the $215 area, where several historical support zones and weekly moving averages are bunched together. After peaking near $345 during its most recent rally, ORCL has now given back a huge chunk of those gains. Momentum is clearly bearish, and traders are watching closely—if this level breaks, $200 could be the next stop.
⬤ Adding to the pressure, proposed corporate tax changes are creating uncertainty across the tech sector. Plans to raise effective tax rates and limit R&D incentives could hit software and cloud companies especially hard. Smaller vendors might face bankruptcy risks, and larger firms like Oracle could struggle with talent retention and innovation spending. These macro headwinds are piling on at a time when the technical picture already looks shaky.
⬤ The $215–$200 zone is now Oracle's line in the sand. This area lines up with past support levels and key weekly EMAs. If ORCL can hold here, there's a chance for a stabilizing bounce—similar to past recoveries off major support. But if it breaks down, the next leg lower could take the stock all the way to $200.
⬤ With Oracle sitting right on critical support, the next few weekly closes will be decisive. Whether the stock stabilizes here or slides deeper into correction territory depends on how buyers respond in the coming sessions.
Saad Ullah
