WearTheFoxHat

Symmetrical Triangle ORCL 8/13/13

BATS:ORCL   ORACLE CORP
171 0 1
I don't guess in these pennant formations, I wait for the chart to tell me which way to go. Two trend lines are converging. Low volume , overbought in slow-stoch, and a weak close. The price moves are more powerful when it bounces off the resistance than it does off the support. I'm ready to go long or short but it's worth noting this triangle formation.

I believe the long term negative move will continue but I'm not making that bet until something happens the next few days. Thus I do not have a stop loss or a limit target.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out