$Oracle(ORCL.US) Oracle has finally shown some colours with the share price up to 190. However, I won't be too excited just yet as they have yet to push past the resistance of 200, and it is definitely still a far distance away from their ATHs. The potential for their data centres and cloud infrastructure is still evident, but at the same time, the company's debt and backlog are insanely huge as well. Investors are not entirely confident while traders continue to play with the volatility. Unless earnings start to show some spectacular growth, the stock may continue to be stuck within this range. @Bridge Buzz SG
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
