We'll analyze Oracle corporation (ORCL) for online market trading.
we'll work on weekly bar chart.
few points to notice:
1- the stock broke the support line on the week of 8/2/2008.
2- MA11 was broken down, a bearish signal, historically for this stock.
3- reached 62% retracement for the latest bullish move at 18.97$.
4- MACD bearish.
overall, the stock is bearish recommend hedging the current holdings by buying puts, or entering short, with target 16.5$.
We Moved!!
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Shadi
Friday, February 15, 2008
Oracle Corporation (ORCL) Technical Analysis
That's all for today ... thanks for reading the post,
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have a nice day,
Shadi
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