The Oracle

Your own reason is the only oracle given you by heaven, and you are answerable for, not the rightness, but the uprightness of the decisionThomas Jefferson

$ORCL (Oracle Corp) has earnings this coming week, and just so happens that I am a looking to rebuild a new Long Term account position. Additionally, it hit my scan for “Williams %R (14) crossed below -90.00 within the last 1 day” on StockFetcher. Here is the Daily chart:

Based on the above chart, any dip to the -90 line on Williams has been a nice entry spot. I would expect the same to hold true for the current reading. For more perspective, I have pulled out to a Weekly chart:

A rough week indeed, but managed to hold the 50% retracement line. My current plan is to sell Put options for Jan at the 27 strike – if liquid enough.

3 thoughts on “The Oracle

  1. It is very hard to find competent persons with this issue, nevertheless, you seem like you no doubt know exactly what you are sharing! Many thanks

Leave a Reply

Your email address will not be published.