Oracle CorporationShort
Oracle Pre earnings
White lines - 14 year uptrend
Yellow lines - Super uptrend or Parabolic
Purple line - Double top conformation/ Short entry
Oracle had an amazing year where the stock gained 40% since January.
That uptrend that it has been riding since January has now given way and I think Oracle is headed for its first correction in 2yrs. If I'm right they'll dump it hard at earnings. If you look at the weekly candlestick for Oct25th you'll see the Dark cloud cover that foretold this reversal.
Yellow lines - Super uptrend or Parabolic
Purple line - Double top conformation/ Short entry
Oracle had an amazing year where the stock gained 40% since January.
That uptrend that it has been riding since January has now given way and I think Oracle is headed for its first correction in 2yrs. If I'm right they'll dump it hard at earnings. If you look at the weekly candlestick for Oct25th you'll see the Dark cloud cover that foretold this reversal.
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