The ORCL share has made a long term development with the support of the (light blue). This support line was over the KUMO, which means that the ORCL was in long term. The weekly diagram shows marginally . The monthly is on a local top until now. In last Friday after went out the share declined 3.98% BUT it closed on higher high of the day trading with 4 times the usual .
So the first think in mind is that the next week is the key for next trend. The stock in Friday close almost on its higher high (intraday). is w/divergence and is near 38. The as I said was 4 times the usual.
We have no special pattern. The share is in the KUMO and with this sharply decline is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
There is no special pattern. I cannot place a fib measurement.
So I think that the critical point is next week’s movement. If it gets out of the KUMO the will be here again. Stop loss under the KUMO.
I think that the will be back again.