Oracle Swing
I bought Oracle for a swing trade because its recent earnings report created a strong catalyst. Oracle reported 30% revenue growth, 62% cloud-revenue growth, and a massive 121% increase in cloud infrastructure revenue. It also added more than $30 billion in new AI cloud contracts, pushing its backlog to $664 billion.
My short-term thesis is that the strong AI/cloud numbers could bring buyers back into ORCL and help the stock continue its recovery. The stock also recently reacted positively to earnings, giving me a potential momentum setup.
For the swing, I’m watching price action, volume, and key support/resistance levels rather than trying to hold the position for years. My thesis would be invalidated if ORCL loses the technical level I’m using as my stop or if the post-earnings momentum fades significantly.
