ORCLPreviously posted Crab (daily) and Cup (Weekly). A handle never came to pass. Flagging now, wait for trigger.
ORCLCL trade ideas
Symmetrical Triangle ORCL 8/13/13I 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.
ORACLE : MOVING BACK TO MEDIAN LINEPrice show 2-waves of strong downtrend momentum. You can see the lower highs and lower lows which indicated a short term down trend encapsulated within the red PF.
Standby to short once it is near the area indicated but use price rejection method to enter to be safe.
ORCLE Re-Test Head & ShouldersORCL test Nick line for Head and Shoulder formation supported by 20 / 50 SMA and Mid Bolingar Band .....the long term down trend is confirmed by Double Top seen in Monthly chart seen in 36.50 , it seems like the bears are very strong with 16 June and 13 Mar Bearish Weekly Engulfing , we would suggest Buying Dec 2013 Put 33 Strike ....this scenario will be canceled with any weekly candle closed above 33............or we can sell the stock directly from next week
