ORCL at Key Support: Bullish Rebound or Further Downside?

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ORCL at Key Support: Bullish Rebound or Further Downside?Oracle CorporationNYSE:ORCLS4tt4mOracle (ORCL) | Key Support at $130.88 On the 4-hour chart, ORCL is testing the $130–131 support zone within a downtrend defined by lower highs and lower lows. A bullish reversal has yet to be confirmed. Key Levels: • Major support: $130.88. • Next support: approximately $115–120. • Resistance: $140–145, followed by $155–160 and $173.85. Bullish Scenario: Holding support, followed by a 4-hour close above $145 and sustained trading above that level, could open the door to a rebound toward $155–160. A break above $170–174 would provide stronger evidence of a trend reversal. Bearish Scenario: A clear 4-hour close below $130, followed by a failed attempt to reclaim it, would increase the likelihood of a retest of the $115–120 zone. Technical Outlook: ORCL is at an important decision point. Holding support alone is insufficient to confirm a reversal. A higher low followed by a break above the latest swing high would strengthen the bullish case. The plotted angle levels serve as supporting references; confirmation comes from price action and sustained closes beyond key levels. This analysis is based on the attached chart snapshot and presents potential scenarios, not investment advice.