ORC trade ideas
Oracle Corp Daily (19.07.2014) Technical Analysis TrainingThe Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is bearish. The monthly is under a local top until now. MACD is bearish and RSI is near 38. The volume is as more than usual on declines.
There is no special candlestick pattern. The share is under the KUMO and with these declines is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
I think that there is a SHS pattern. I cannot place a fib measurement. Head of pattern to neckline shows a projection to EMA 200 if it break the neckline.
Oracle Corp Daily (09.07.2014) Technical Analysis TrainingThe Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share has made a long term development with the support of the trend line (light blue). This support line was over the KUMO, which means that the ORCL was bullish in long term. The weekly diagram shows bearish. The monthly is on a local top until now. In the daily diagram the share consolidates in the KUMO from Top to Bottom.
MACD is bearish and RSI is near 38. The volume is as usual.
We have no special candlestick pattern. The share is in the KUMO and with this declines is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
There is no special pattern. I cannot place a fib measurement.
The strategy here is to stay aside until the share choose its way against the KUMO. Long above the KUMO short under it.
Oracle Corp Daily (02.07.2014) Technical Analysis TrainingThe Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:
The ORCL share made a local bottom in the KUMO cloud that means that $40 is a support for the share.MACD is trying to change the trend but is bearish under the zero line and RSI is near 46 towards to 50. The volume is less than the usual.
If the share keep going uptrend, the top of KUMO and Kijun Sen are the next resistance. I think that wait and see is the right strategy with some bullish thoughts of course.
Oracle Corp Daily (23.06.2014) Technical AnalysisThe Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:
The ORCL share has made a long term development with the support of the trend line (light blue). This support line was over the KUMO, which means that the ORCL was bullish in long term. The weekly diagram shows marginally bearish. The monthly is on a local top until now. In last Friday after earnings went out the share declined 3.98% BUT it closed on higher high of the day trading with 4 times the usual volume.
So the first think in mind is that the next week is the key for next trend. The stock in Friday close almost on its higher high (intraday). MACD is bearish w/divergence and RSI is near 38. The volume as I said was 4 times the usual.
We have no special candlestick pattern. The share is in the KUMO and with this sharply decline is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
There is no special pattern. I cannot place a fib measurement.
So I think that the critical point is next week’s movement. If it gets out of the KUMO the bullish trend will be here again. Stop loss under the KUMO.
I think that the bullish trend will be back again.
Oracle Corp Weekly (23/2014) Chart Technical AnalysisThe Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a weekly long movement last week over the Tenkan Sen and closes at its highs. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen. There is no bearish sign there.
I expect that the stock will continue the bullish movement. The last long movement of the stock was from $25,38 to $36,32 giving a 1,618 fibonacci projection to $43,08 for a first target as I mentioned two weeks ago. Consider that the reversal pattern show a price target at $46.98.
Oracle Corp Weekly (22/2014) Chart Technical AnalysisThe Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a little weekly short movement last week over the Tenkan Sen but it is like a Hammer. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement. The last long movement of the stock was from $25,38 to $36,32 giving a 1,618 fibonacci projection to $43,08 for a first target as I mentioned last week.
Oracle Corp Weekly (21/2014) Chart Technical AnalysisThe Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a Long movement ($41,31 to $42,15) with a green candlestick last week over the Tenkan Sen and continues the bullish trend. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement. The last long movement of the stock was from $25,38 to $36,32 giving a 1,618 fibonacci projection to $43,08 for a first target.
Oracle Weekly: Ascending triangle or consolidation range?Either way, a breakout will be super important.
ORCLPreviously posted Crab (daily) and Cup (Weekly). A handle never came to pass. Flagging now, wait for trigger.
Symmetrical Triangle ORCL 8/13/13I don't guess in these pennant formations, I wait for the chart to tell me which way to go. Two trend lines are converging. Low volume, overbought in slow-stoch, and a weak close. The price moves are more powerful when it bounces off the resistance than it does off the support. I'm ready to go long or short but it's worth noting this triangle formation.
I believe the long term negative move will continue but I'm not making that bet until something happens the next few days. Thus I do not have a stop loss or a limit target.
ORACLE : MOVING BACK TO MEDIAN LINEPrice show 2-waves of strong downtrend momentum. You can see the lower highs and lower lows which indicated a short term down trend encapsulated within the red PF.
Standby to short once it is near the area indicated but use price rejection method to enter to be safe.
ORCLE Re-Test Head & ShouldersORCL test Nick line for Head and Shoulder formation supported by 20 / 50 SMA and Mid Bolingar Band .....the long term down trend is confirmed by Double Top seen in Monthly chart seen in 36.50 , it seems like the bears are very strong with 16 June and 13 Mar Bearish Weekly Engulfing , we would suggest Buying Dec 2013 Put 33 Strike ....this scenario will be canceled with any weekly candle closed above 33............or we can sell the stock directly from next week
