
PAY ATTENTION TO MONEY FLOW ANALYSIS – SPOT ON CALL ON ORACLE (ORCL), TIKTOK DEAL
By Nigam Arora
All investors can reap large benefits from money flow analysis. Here is a great example.
Please click here for a chart of Oracle stock (ORCL).
Here are the key points:
- The chart shows that ORCL stock ran up over 30% in one day after reporting earnings, trading as high as $345.72.
- When numerous analysts were appearing on financial media and being very bullish on ORCL stock, Nigam Arora appeared on the Schwab Network and made a call that ORCL stock was likely to pull back.
- The chart shows that ORCL stock pulled back from a high of $345.72 to $292.18 over $53.