This stock looks very messy overall, but shows plenty of buying/selling
opportunities. If traded correctly, there can be huge gains with ORCL. The
interesting fact about this company is that is clearly undervalued, and could easily
satisfy potential investors in the long run. I recommend this article if there's interest in investing in Oracle:
Beta.fool.com/martinzaldua/2012/11/21/undervalued-picks-top-managers/16922/
Now let’s take a look at the chart. As said before, it does
look messy, but it clearly presents trading opportunities if combined with the
right set of tools. The chart indicates several V-Top patterns, as well as
important levels around $25.60 and $33.50. The only thing I don’t like about this stock is the gaps. Take a look at a shorter time frame; these gaps are usually
filled. The stock works fine with the MA’s/Price crossovers. I would mainly
recommend combining the chart with the MACD, RSI, and Stochastic. The three of
them are working fine together, particularly when they (Stoch & RSI) hit
the overbought(sold) levels at the same time, and also when the MACD
fast/signal line crosses the histogram in the same direction as the other two indicators.
Alexander Schachter
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