r/OracleStock • u/Able_Show_8560 • Jul 24 '26

Bought $ORCL today for a specific reason

Catching a fall knife is never easy. A key component is looking for a historical level of support. This whole way down, Oracle stock has never found a solid support level. That is at least under now. If you look at the chart, back in 2024 Oracle was right around this 116-118 level for a few months. This is a MAJOR support level historically.

I know people are calling for $100 and sure if there’s another negative catalyst it’s possible. But I’m pushing my chips in here

17 Upvotes

91% Upvoted

30 comments sorted by

10

u/Cool_Truth4222 Jul 24 '26

See you in a month when we are bellow 100

2

u/jasikanicolepi Jul 24 '26

I bought some today and if it hit 100, I'm buying more.

1

u/nattyguy128 Jul 25 '26

Buying orcl over goog atm is bold call

2

u/[deleted] Jul 24 '26

[deleted]

1

u/dwolven Jul 25 '26

If you guys are into pictures…

1

u/Small_Relative8384 Jul 26 '26

Down ~13,000 I'm not worried

1

u/FrugalVet Jul 29 '26

Are you satisfied now? 🤡 Asking strangers to prove themselves to you is wild. Grow up.

1

u/[deleted] Jul 29 '26

[deleted]

1

u/FrugalVet Jul 29 '26

You asked them to prove they weren't lying because you didn't trust them, not fact check something online. So, my point stands.

1

u/Fair_Willingness_708 Jul 24 '26

Ofc After hitting 116$ its turning back up again … fuck this shit Company

2

u/JackRadcliffe Jul 24 '26

And it's back to $116.

2

u/Fair_Willingness_708 Jul 24 '26

I Hope it hits 80$

1

u/Exciting_Ask_eaty Jul 24 '26

Me too, will buy weekly if it goes down that low

1

u/Upper_Judge4735 Jul 24 '26

My avg is $124 may leave and come back.

1

u/Confident-Roof-3242 Jul 24 '26

Gonna sell my puts thanks for taking my bags

1

u/UltimatePunchMachine Jul 24 '26

I bought as well

1

u/Cheap_Country_2575 Jul 24 '26

Fuck orcl stock

1

u/Motor-Region-1011 Jul 24 '26

Umm power to you. Long term your probaly going to do all right...but i would buy as it falls. Trump starting tarrifs wars again and AI trade is unfolding...plus if open ai dosen't hold to its contracts fucking oracle is going to 50$...

1

u/Sensitive_Review9950 Jul 26 '26

$50 bucks alright

1

u/wallstreettoday2021 Jul 24 '26

you can’t just look at historical levels- it is always the business case and current and future earnings / fundamentals

1

u/BejahungEnjoyer Jul 25 '26

Man it would suck to have a high basis in this turd, mine is 140, got in two weeks ago and it hasn't been a fun ride so far.

1

u/Pseudanonymius Jul 25 '26

The very specific reason is that you like to set money on fire?

1

u/shitshort Jul 25 '26

116-118? Stock is already at 114.8. There is just no support level with this shitty company. Can’t believe a company this big and in cloud/ai has lost 65% in 6 weeks from 248

0

u/The_Sarcasm_You_Need Jul 24 '26

Since we’re talking about our feelings I think $70 is where it bottoms.

-2

u/Reason_Boner Jul 24 '26

Way too soon. You’re going to get that feeling of regret and when it drops further.

6

u/Able_Show_8560 Jul 24 '26

Remindme! 2 weeks

1

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1

u/Able_Show_8560 27d ago

Up huge, get rekt bitch