Strong bearish divergence on the Daily RSI suggests Phase C is next.
Confirmation of Accumulation Setup:
ZigZag down
Immediate Spring, followed by a Higher low
Aggressive show of strength up to confirm Phase D
Phase Descriptions:
Phase A: Markdown/End of Initial Downtrend
Phase B: Building a Case. Building the thesis of whether we are entering further upside or...
Analysis: $ORCL - Oracle is an information technology company and makes all sorts of products and services. Fundamentally ORCL is worth upwards of $170/share when compared to its industry peers. Technically ORCL is finishing a wave 4 correction, and should see a nice bull run again to catch up. Look for a break over $79.50 for your initial long entry, with...
