The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis Training shows the following:
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is bearish. The monthly is under a local top until now. MACD is bearish and RSI is near 38. The volume is as more than usual on declines.
There is no special candlestick pattern. The share is under the KUMO and with these declines is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
I think that there is a SHS pattern. I cannot place a fib measurement. Head of pattern to neckline shows a projection to EMA 200 if it break the neckline.
The ORCL share after some consolidations finally got itself under the KUMO. The weekly diagram is bearish. The monthly is under a local top until now. MACD is bearish and RSI is near 38. The volume is as more than usual on declines.
There is no special candlestick pattern. The share is under the KUMO and with these declines is under Kijun Sen (blue line) and Tenkan Sen (green line) too.
I think that there is a SHS pattern. I cannot place a fib measurement. Head of pattern to neckline shows a projection to EMA 200 if it break the neckline.
