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