Saad Ullah
⬤ Oracle Corporation (ORCL) is trading in a tight spot right now. The stock's hanging around $185 after getting knocked down from recent highs, and this price level sits right between two important gaps on the chart. According to @Mr_Derivatives, there's a lower gap near $175.70 and an upper one around $223, putting Oracle smack in the middle of a tug-of-war zone.
⬤ The $185 level has been tested three times already, and each time buyers stepped in to push it back up—but not by much. The bounces haven't been strong enough to suggest real conviction yet. Momentum indicators are showing weakness, and the fact that volume spiked during the recent drops tells us traders are paying close attention to whether this support can actually hold.
The stock currently sits almost exactly between the lower downside gap near $175.70 and an upper gap closer to $223, placing price at a critical decision area.
⬤ Those two unfilled gaps are basically setting the boundaries for what could happen next. If $185 breaks, the $175.70 gap becomes the next likely target. On the flip side, if Oracle catches momentum and pushes higher past resistance, that $223 gap could come back into play. Right now though, the price is just stuck between these two levels, making this consolidation zone really important to watch.
⬤ What makes this setup interesting is that Oracle's positioned at a make-or-break point. If it holds above $185, the stock stays in its current range and keeps some hope alive. But if support cracks, attention shifts quickly to that lower gap. With Oracle balanced right in the middle, the next big move should give us a clearer picture of where things are headed in the short term.
Saad Ullah
