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ORACLE Bullish as long as the 1D MA50 supports.

Long
BATS:ORCL   Oracle Corporation
Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. We are now exactly on the 0.618 Fibonacci retracement level, which is the highly critical Golden Ratio. As long as the 1D MA50 (blue trend-line) is holding, then the Channel Up will eventually push higher towards the 0.786 Fibonacci (96.50). A break below the 1D MA50, should re-test the 0.382 Fib (78.20) and depending on the time it breaks, potentially the 1D MA200 (orange trend-line) as well.


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