Nashwan
Short

ORCLE Re-Test Head & Shoulders

NYSE:ORCL   ORACLE CORP
221 5 0
ORCL             test Nick line for Head and Shoulder formation supported by 20 / 50 SMA and Mid Bolingar Band .....the long term down trend is confirmed by Double Top seen in Monthly chart seen in 36.50 , it seems like the bears are very strong with 16 June and 13 Mar Bearish Weekly Engulfing , we would suggest Buying Dec 2013 Put 33 Strike ....this scenario will be canceled with any weekly candle closed above 33............or we can sell the stock directly from next week
A weekly close above the channel will mean that we have to close and reverse
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OPT now 0.98
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OPT now 0.95$
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Good Weekly candle if closed like this OPT is 0.72 right now
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the best time to go bearish now with 13 Sep put strike 32 = 0.70$
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