Jake Wujastyk: ORCL bear flag breakdown points to S/R flip zone test

Jake Wujastyk: ORCL bear flag breakdown points to S/R flip zone test
ORCL bear flag targets lower zone

Oracle (ORCL) experienced a bear flag breakdown this week, according to Jake Wujastyk. The move could lead to a further downside, with the potential to test the support/resistance flip zone below, specifically between $118.85 and $127.55.

Wujastyk highlighted this technical development and suggested that investors should monitor these levels for possible price action.

Wujastyk has previously tracked notable trends in major equities and indices. Earlier, he noted a sharp rise in the odds of S&P 500 inclusion for SOFI, based on activity on Polymarket. He also clarified that the VIX index represents implied volatility rather than a cash value.

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