Oracle struggles to maintain momentum due to concerns over debt and capex outpacing revenue growth; recent earnings reaction was weak.

Oracle is it's having difficulty maintaining some momentum that we saw earlier. So uh with Oracle, I mean I get the debt story. Um I mean I mean a lot of people are very concerned about them you know taking on tons and tons and tons of debt.

yeah as Tim was kind of saying it's this race against time for Oracle they are uh you know doing this massive capex spending and it is yet to be seen if the revenues that they are uh going to derive from it can catch up to the amount they've spent.

You know, tens of billions of dollars at this point here.

Kind of a flop of uh an earnings reaction too since this morning. Things were looking quite a bit more promising. Now, we find ourselves up only.3% on the day here. You can see that we still remain within our upward sloping channel type shape here between our two white lines after hitting our low near 11450 from.

So we've had a nice bounce from that point. We're up 34% from that low.

Now a relative high we established recently stands out at 171. That's the mark to beat in the short term. That's what we hit shortly before our earnings announcement. From there we could fill a gap up here near about 198.

That's a bit of a a reach from this point here. But that's that's kind of the most important area to the upside beyond our recent relative highs that I can see for now.

139 a repeated floor that we also saw as well. Kind of bottomed out there uh three separate times in recent days. So if we were to break down through our channel shape, that could be one key area to watch out for as well for potential support.

Our moving averages in this case show kind of a different picture. Three of them are three shorter term five-day, 21-day and 63-day are clustered quite closely together. They are between about 150 and 155 or so again.

So when we have multiple indicators converging at one level, it gives us an important confluence to watch out for. Uh that would then open the door to perhaps testing our channel boundary.

Meanwhile, the bigger and most important uh exponential moving average, our 250 1day EMA in orange here, representing one trading year, 170, 270 or so is where that one lies right now.

So, that could be uh a a milestone to cross above to the upside here.

Meanwhile, uh our RSI uh shows that we are above the 50 midline for now, but uh you know, not really making any big moves so far.