Oracle Corp Weekly (22/2014) Chart Technical Analysis
The 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.
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.
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