Oracle Corp Weekly (21/2014) Chart Technical Analysis
The Oracle (ORCL) weekly chart shows the following signs:
The Price of ORCL made a Long movement ($41,31 to $42,15) with a green candlestick last week over the Tenkan Sen and continues the bullish trend. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement. The last long movement of the stock was from $25,38 to $36,32 giving a 1,618 fibonacci projection to $43,08 for a first target.
The Price of ORCL made a Long movement ($41,31 to $42,15) with a green candlestick last week over the Tenkan Sen and continues the bullish trend. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement. The last long movement of the stock was from $25,38 to $36,32 giving a 1,618 fibonacci projection to $43,08 for a first target.
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