The 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.
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.
