After a sharp correction from its highs, Oracle appears to be stabilizing and attempting to build a base. While the stock is still trading below the 200 EMA, buyers have started defending the recent lows, making this an interesting chart to keep on the watchlist.

I'm watching for a reclaim of $137.00, which could open the door for a move toward $147.00. If momentum continues to build, the next major resistance levels are $159.87 (near the 200 EMA) and $171.29.

📈 Resistance

🟢 $137.00 (reclaim level)
🟢 $147.00
🟢 $159.87
🟢 $171.29

📉 Support

🔴 $125.00
🔴 Below recent lows would invalidate the current setup.

From a fundamental perspective, Oracle continues to benefit from growing demand for its cloud infrastructure and AI-related services. While the longer-term trend remains bearish, this could become an attractive swing opportunity if buyers continue stepping in and the stock begins making higher highs and higher lows.

I'll be watching price action closely over the coming sessions before considering an entry.

What do you think? Is ORCL setting up for a reversal, or do you expect more downside first?