Looking at the EMA-5/8/13. I think ORCL is not ready for a trend reversal
There are also 2 resistance($91.10 and $96.50).
Looking back 3 weeks on the ORCL15-min chart with intraday data, it is showing signs signs of slight uptrend. However, the ORCL 5-min chart downtrend is the concern still.
We need to watch the 5-min chart the next few days. If ORCL can continue with higher open/close before EOY, we will benefit short term ORCL profit.
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4 comments:
Looking at the EMA-5/8/13. I think ORCL is not ready for a trend reversal
There are also 2 resistance($91.10 and $96.50).
Looking back 3 weeks on the ORCL15-min chart with intraday data, it is showing signs signs of slight uptrend. However, the ORCL 5-min chart downtrend is the concern still.
We need to watch the 5-min chart the next few days. If ORCL can continue with higher open/close before EOY, we will benefit short term ORCL profit.
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