RSI is about to break the resistance.
Also price is going the oldu support, new resistance.
If it can break up the green resistance, Triangle formation can start.
These are my ideas, not investment advice.
It looks a triangle pattern.
Green Line is resistance,
Red Line is Support.
Also RSI made its break up. So lets watch if it can break the resistance.
These are my personal ideas, not investment advice.
It looks like Ascending Triangle pattern.
If it can break the resistance line it can start the pattern.
Lets see if it can be succeed in the second time?
These are my personal opinions, not investment advice.
ORCL has set a perfect channel can be seen between the green lines. If it can be succeded to break the first resistance, it may target the second resistance which is the second green line. Red line is support line.
The green line is the support which is old resistance coming from 2008. It seems like pull back action is finished, if it can break the red line, it could go to first target which is shown by yellow arrow.