herlihyinvestments

Oracle Breakthrough?

Long
NYSE:ORCL   Oracle Corporation
In the beginning of the analysis, it can be noted that Oracle couldn't break through the support line given the double bottom. With the scallop raising the price, the formation of the head and shoulders gave the stock a 74% chance to drop in price in which it did in the end. With a bounce-back and a formation of a triangle, I conclude that the price will break out in an upwards trend.
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