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dorfmanmaster

ORCL technicals at resistance level with earnings

Oracle Corporation (NYSE:ORCL)  
dorfmanmaster Updated   
NYSE:ORCL   Oracle Corporation
Trend Analysis Chart Patterns Parallel Channel Technical Indicators oracle cloud Earnings Fibonacci Retracement
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trendanalysis chartpattern parallelchannel indicator oracle cloud earnings fibonacciretracement
Technical Analysis
  • On June 20th, we started and important channel, and we are back at this level at $55.5

  • Since this date, we have a slight RSI upward trend, with an even bigger OBV uptrend.

  • Fibonacci retracement level at 50%

Important dates
Earnings will be announced Thursday September 12th, after the close.
Comment:
Oracle reported mixed results for first-quarter.

The stock is still above the 61.8% Fibonacci though.
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