ORCL: July 28 Low Completes ABC, Early Impulse Opens Path to $32Oracle CorporationBATS:ORCLStockWhaleXORCL: July 28 Low Completes ABC, Early Impulse Opens Path to $329 Elliott Wave Weekly impulse from 2020 lows completed Wave 5 on September 10, 2025 at $323.43. The decline that followed is a finished Intermediate ABC. Daily confirms Wave (A) into early 2026, Wave (B) into mid-2026, and Wave (C) ending July 28, 2026 at $114.50. Price is now developing the early stages of a new advance above that low. Fibonacci The $323.43–$114.50 decline measures 208.93 points. The 0.236 retracement is $163.81 and the 0.382 is $194.31. Current levels near $131 sit at the base of the recovery. Why ORCL Fell - Capex of roughly $75.7 billion through August 31, 2026 funded AI infrastructure, producing negative free cash flow and debt above $160 billion. S&P cut the rating to BBB- in July 2026. - OpenAI represents about half of the $664 billion backlog, with payments beginning only in 2027. An early October 2026 report placed OpenAI annualized revenue near $50 billion. - October 14, 2026 CPI data lifted yields, adding pressure alongside late-September data-center project concerns. Bullish Catalysts - Technical: ABC ended at the July 28, 2026 low and early impulse structure is forming. - Fundamental: Mid-September 2026 Q1 results showed revenue of $19.35 billion (+30%), cloud infrastructure of $7.39 billion (+121%), and backlog of $664 billion, with FY2027 guidance of at least $90 billion revenue and $8.10 adjusted EPS. - Positioning: Consensus remains majority Buy with median targets of $200–$240. Trade Setup Entry: $131 Target 1: $170 (+30%) Target 2: $329 Stop: $125 Risk/Reward: 6.5:1 to Target 1 ORCL #ORCL #Oracle