What goes up…

Posted by Wendy Kirkland | Jun 11, 2026 | Wendy's Daily Profit Play | 0 |

Here is a ticker that is showing a sharp post-earnings reversal after an extended rally. Price failed to hold above the R1 pivot level near 246 and has rapidly fallen back toward the central pivot around 206. The heavy volume accompanying the decline suggests institutional selling rather than routine profit-taking. In the PPO panel, the PPO line has crossed below its signal line while the histogram has turned sharply negative, indicating bearish momentum is accelerating.

The good news for traders bullish on Oracle (ORCL) is that the longer-term uptrend remains intact above the S1 support area near 184, which coincides closely with the current price. A successful hold of this level could lead to stabilization and a potential rebound, while a break below S1 would increase the odds of a deeper retracement toward S2 near 146.93. For now, momentum favors the bears until PPO begins to flatten and price can reclaim the pivot level.

Wishing you the best,

Wendy

About The Author

Wendy Kirkland

About the Author Wendy Kirkland has been successfully analyzing the market trends and sharing her profitable patterns with other like-minded option traders since 2009. She is best known for her P3 pattern that works in any market and a variety of time frames. Wendy has written 16 books that use variations of this pattern and others that she has developed to fulfill her personal goal of helping others achieve their own personal financial independence. Early Career For twenty-five years, Wendy Kirkland was a working partner in a gift shop located in Historic Biltmore Village in Asheville, NC. The business supported her family of three children with a good life, but, as Wendy neared retirement age, she realized she and her husband Jack had left themselves out of the financial equation. They'd set up a retirement account, but, over the years, others' needs always seemed more pressing, and retirement seemed a lifetime away. Journey to Option Trading Her search and need to take immediate control of her financial future brought her to option trading and the financial leverage it offers. Finding the potential to make a full-time income while working on a part-time basis, Wendy wrote, How To Trade Options to give others the opportunity to benefit from this income source that can be worked a few hours a week from home or anywhere else. Since that time, she has written 16 books that are available from a variety of sources. Teaching Approach Wendy’s programs take her students all the way from getting past the perceptions that Options have to be complicated all the way to daily trading examples. Readers quickly understand what a Call Option and Put Option are and all of the other fundamentals they need to succeed. She walks traders through key indicators and shows them how to use, True Strength Index, ADX or Average Directional Index, Commodity Channel Index, Fibonacci Price Targets, Exponential Moving Averages, and more. Her simple, down to earth explanations make the path to income through trading very accessible. Personal Empowerment “Supporting personal empowerment, particularly for women, has been a lifetime interest,” Wendy says. “I’m thrilled to have found a great way to fulfill that goal by sharing a new, learnable and lucrative way to achieve financial independence.” Wendy Kirkland's Daily Profit Play Disclaimer Wendy Kirkland is the founder and editor of Wendy's Daily Profit Play, a stock and options trading newsletter. Together with TradeWins Publishing, Wendy shares actionable trading tips and strategies that can help anyone grow their trading account. 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