Watch These Oracle Price Levels as Stock Surges on Optimism About AI Joint Venture | Global News Avenue

Oracle (ORCL) shares soared for a second straight session on Wednesday as investors bet the enterprise software company will Form a joint venture and open artificial intelligence Jointly built with Japan’s SoftBank Artificial Intelligence (AI) infrastructure.

The plan, called “Stargate,” is expected to invest up to $500 billion over the next four years, aiming to consolidate U.S. leadership in artificial intelligence and create thousands of American jobs. Reports of the joint venture surfaced early Tuesday and gave Oracle a boost yesterday, with President Donald Trump confirming the news last night at a White House event with executives from the three companies.

Oracle shares rose 7.5% to around $185.50 in afternoon trading on Wednesday, extending yesterday’s 7% gain. The stock has gained nearly 70% in the past year, supported by growing demand for the company’s artificial intelligence integration cloud and database products.

Next, let’s break it down technical On the Oracle chart, identify key price levels to watch.

Falling Wedge Breakout

After a period of downward trend falling wedge Since late November, Oracle’s stock price has staged a decisive breakthrough Judging from Tuesday’s pattern.

It’s impressive that this move happened at the top trading volume Since early September, the foundation has been laid for subsequent buying.

at the same time, Relative Strength Index (RSI) has returned above the 50 threshold, indicating improved price momentum, but is still significantly below overbought levels, giving the stock plenty of room to explore higher prices.

Let’s point out two key overhead areas on the Oracle chart that may come into focus in further purchases and identify important support level Monitor during callback.

Key overhead areas to focus on

The first higher area worth observing is just above the fall 50-day moving average About $178. While the stock was trading above that level on Wednesday, it could offer resist Close to the trend line connecting a series of comparable price points on the chart from October to December.

Further gains could see the stock climb towards the $196 area. Investors buying at lower prices may look for exit point Twins near the stock in this location peak Formed in late November and early December.

Important support levels to monitor

During the decline, investors should first focus on price reaction to the $154 level. The stock may find support in this area starting in January swing lowwhich is also closely related to the opening price in early September break through the gap.

Finally, if selling below this level, Oracle stock could revisit lower support around $145, where investors may seek entry point Close to the multiple peaks that formed on the chart from June to early September.

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As of the date of this writing, the author did not own any of the securities mentioned.