ORACLE – D1 Chart | DEC 16, 2024
PEER GROUP
While competitors like SALESFORCE, MICROSOFT and IBM performed close to the S&P500, ORACLE and SAP continue to have a close race with massive outperformance. As it stands now, SAP emerges as the winner for 2024. With the current 75% in just 12 months, this is an award.
EXCERPT, read the full analysis here…
ORACLE – H4 Chart | DEC 16, 2024
REACTION – QUARTERLY FIGURES
ORACLE reacts similarly dynamically to the announcement of the quarterly figures (like other TECH STOCKS). Losses of over 10% in just one night are not uncommon and show that investors are well advised not to position themselves in a directional manner shortly before earnings.
EXCERPT, read the full analysis here…
ORACLE – D1 Chart | DEC 16, 2024
IMPORTANT COURSE BRANDS
I’m mainly focusing on one resistance and three important supports. Once the price has reached one of the four trading levels, it is the trader’s job to wait for a subordinate price reaction in order not to blindly grab a rising or falling knife. Whoever predicts loses – whoever reacts wins.
Key Resistances: $167.00 | $156.00 | $140.00
ORACLE – D1 Chart | CURRENT
25% PRICE EXPLOSION
The stock has consequently completed a deeper correction and at least reached the two lower correction targets of USD 156.00 and USD 167.00. There the security reacted dynamically and shot up over 25% to almost new all-time highs within a few days. Trading from the correction has been confirmed again and shows that it is advisable to trade from deeper corrections into new impulse structures. More updates to come!
Lots of experienceolg,
Yours, Dennis Gürtler.
Dennis Gürtler is the founder and managing director of a proprietary trading company in Berlin. As a former portfolio manager and full-time trader, he has been active in the financial markets since 2008. With over 15 years of experience, Dennis Gürtler is known for his expertise in the DACH region.
EXCLUSIVE PEPPERSTONE ADVANTAGE
GET ACCESS NOW: INTENSIVE COURSE 2024
HOW IS SUPPORT/RESISTANCE TRADED?
One of the most important skills of successful traders is the ability to properly deal with support and resistance. In this article I will address beginners, advanced and also experienced traders Support and resistance can use efficiently…
TRADE MANAGEMENT
As always, it is crucial to immediately tighten the stop loss to the entry level in order to limit the risk. As always, the market decides how far the potential trade will go. Taking profits at +0.5R, +1R and +2R usually makes sense. “R” refers to risk units.
RISK NOTICE
The situation shown belongs to a certain type of trend: up, down or sideways trend. As a trader, I primarily focus on trading the direction of the prevailing trend. In addition, the support and resistance shown should be understood as zones of interest. A trade only occurs with subordinate, narrowly defined entry signals. If these do not occur, no trade will be made for me, as risk reduction and confirmation of the trend via price action have top priority. Please act responsibly. Ongoing corrections without confirmations can easily go against the trend or the trader and even change the entire trend.
Exclusive webinar
Our new webinar series is all about cryptocurrencies. At Pepperstone we offer a total of 30 cryptos and indices that can be traded as CFDs or used to hedge your HODL portfolio. You can find out why it’s worth taking a closer look at crypto assets in other quotes in our new webinar. Register now for free and secure your place!
About Pepperstone
Pepperstone is your multi-platform broker for every trading style – with tailored account types at fair conditions.
- German-speaking support by phone, email or live chat
- Trading 24/7: Selected US stocks 24 hours available
- GER40 already available 0.9 point spread
Stay informed: Discover further analyzes & forecasts
RISK NOTE:
This article is an advertising communication. This information was provided by Pepperstone GmbH. CFDs are complex instruments and involve a high risk of losing money quickly due to the leverage effect. 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In addition to the disclaimer below, the information contained on this site does not contain a list of our trading prices or an offer or solicitation of a transaction in any financial instrument. Pepperstone assumes no responsibility for the use of these comments and any consequences thereof. No representation or warranty is made as to the accuracy or completeness of this information. Consequently, the investor bears sole responsibility for the risk for individual investment decisions. Any study offered does not take into account the investment specific objectives, financial situation and needs of a specific person who may receive it. It was not prepared in accordance with the legal regulations for the preparation of financial analyzes and is therefore considered an advertising communication within the meaning of the Securities Trading Act (WpHG).
