To The Moon

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First of the week! Let’s review a few names:

Oracle Corporation (NYSE: ORCL)

ORCL is now back into its 2022 support trendline and resting above the 134.96 monthly level. No crossovers are noticeable on the weekly and daily timeframes, so ORCL’s still seeing some indecisiveness for the time being.

Holding this support trendline, breaking over the near-term resistance trendline, and reclaiming the 145.77 Fib level alongside the 145.32 quarterly level are key for ORCL to see a more sustained reversal.

Otherwise, ORCL could range back into the 134.96 level once more. Should 134.96 break down, ORCL should see further continuation into the next Fib level at 129.54, followed by the 126-127 prior highs area.

If it’s too complicated, the simplest approach is to observe whether ORCL is able to sustain itself above the support trendline - if the trendline breaks down, it’s likely to see sell-side continuation, based on past behaviour in other tickers.

Notice there’s a much longer timeframe support trendline (dark green) below it that can also act as support.

Molina Healthcare Inc (NYSE: MOH)

MOH is back into its support trendline from 2009, alongside the Fib level at 130.20.

It's currently trending in a short-term equal highs (199.81 yearly level) and lower lows consolidation pattern.

This 130.20 Fib level is now a key level for MOH to defend alongside the support trendline. Should the trend break and 130.20 is lost, MOH could retrace further into its yearly imbalance sitting at 105.28.

If 130.20 continues to hold, MOH can continue to trend back into the 146-151 half-yearly level for the time being.

Sea Limited (NYSE: SE)

SE is currently consolidating in a short-term descending channel following the structural breakdown of its ascending channel.

It rejected off the 111.15 Fib level following Friday's session, following a retest of the 102.50 quarterly level for the first time since April last year.

The key levels to watch for upside are the 116 half-yearly level and the 136.43 quarterly level, which align with the 111.15 and 135 Fib levels respectively. A breakout of the descending channel will likely result in a proper reversal.

Otherwise, SE can continue to trend lower as it starts to hit a very heavy zone filled with higher timeframe imbalances.

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger

$Oracle(ORCL)$ $Molina Healthcare(MOH)$ $Sea Ltd(SE)$ $Apple(AAPL)$ $Alphabet(GOOG)$