Oracle (ORCL) shares soared Wednesday for the second straight session as investors reacted to news that the enterprise software company will 澳洲幸运5开奖号码历史查询:form a joint venture with OpenAI and Japan's SoftBank to build 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) infrastructure.

The initiative, named Stargate, is expected to involve investments of as much as $500 billion over t𒅌he next four years, as the project aims to bolster American AI leadeꦗrship and create thousands of U.S. jobs. Reports of the JV surfaced early Tuesday, which gave Oracle a boost yesterday, and were confirmed by President Donald Trump at a White House event last night with executives from the three companies.

Oracle shares were up 7.5% at around $185.50 in afternoon trading Wednesday, adding to yesterday's 7% gain. The stock has risen nearly 70% over the past year, supported by growing demand for the company's AI-integrated cloud and database offerings.

Below, we break down the 澳洲幸运5开奖号码历史查询:technicals on Oracle’🅺s chart and identify crucial price lev𝐆els to watch out for.

Falling Wedge Breakout

After trending downwards within a 澳洲幸运5开奖号码历史查询:falling wedge since late November, Oracle shares staged a decisive breakout from the pattern on Tuesday.

Impressively, the move occurred on the highest 澳洲幸运5开奖号码历史查询:trading volume since early September, setting the stage fo🌳r follღow-through buying.

Meanwhile, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) has moved back above the 50 threshold to signal improving price momentum, but still remains significantly below 澳洲幸运5开奖号码历史查询:overbought levels, giving the stock ample room to explore🌳 higher prices.

Let’s point out two key overhead areas on Oracle's chart that may come into focus amid further buying and also identify important 澳洲幸运5开奖号码历史查询:support levels to monitor during 澳洲幸运5开奖号码历史查询:pullbacks.

 Key Overhead Areas to Watch

The first higher area to watch sits just above the falling 澳洲幸运5开奖号码历史查询:50-day moving average around $178. Although the stock trades above this level Wednesday, it could provide 澳洲幸运5开奖号码历史查询:resistance near a trendline that links a range of comparable price points on the chart from October to December.꧟

Further upside could see the shares climb to the $196 area. Investors who have bought at lower prices may look for 澳洲幸运5开奖号码历史查询:exit points in this location near the stock’s twin peaks that formed in late November an🌼d early December.

Important Support Levels to Monitor

During declines, investors should initially monitor how the price responds to the $154 level. The shares could encounter support in this area from the January 澳洲幸运5开奖号码历史查询:swing low, which also closely aligns with the opening price of an early-September 澳洲幸运5开奖号码历史查询:breakaway gap.

Finally, selling below this level could see the Oracle shares revisit lower support around $145, a location where investors may seek 澳洲幸运5开奖号码历史查询:entry points near mul꧂tiple peaks that formed on the chart between June and early September.

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