Oracle Corp Weekly (23/2014) Chart Technical Analysis
The 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.
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.
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