Ben Watson dials up the chart of Oracle (ORCL) as the company faces some short-term pressure and questions around its AI spend. Oracle announced plans for an up to $50B funding round, including a stock and bonds sale. Ben examines a downward trend in the recent 5-day chart, but zooms out to a 2-year timeframe to "add some context" to current levels for its price activity. He highlights $115 as a long-term support level with $180 as a near-term support that could act as a "head and shoulders" area. Ben says investors should watch any sustained upward move above $180 as a positive reversal of its recent downtrend.
Morning Movers
03 Feb 2026
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