Oracle Corp Daily (23.06.2014) Technical Analysis

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The Oracle Corp             (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:

The ORCL             share has made a long term development with the support of the trend line (light blue). This support line was over the KUMO, which means that the ORCL             was bullish in long term. The weekly diagram shows marginally bearish . The monthly is on a local top until now. In last Friday after earnings went out the share declined 3.98% BUT it closed on higher high of the day trading with 4 times the usual volume .

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). MACD is bearish w/divergence and RSI is near 38. The volume as I said was 4 times the usual.

We have no special candlestick 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 bullish trend will be here again. Stop loss under the KUMO.

I think that the bullish trend will be back again.
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