Oracle Corp Daily (02.07.2014) Technical Analysis Training

The Oracle Corp (NYSE:ORCL) Daily Diagram Technical Analysis shows the following:

The ORCL share made a local bottom in the KUMO cloud that means that $40 is a support for the share. MACD is trying to change the trend but is bearish under the zero line and RSI is near 46 towards to 50. The volume is less than the usual.

If the share keep going uptrend, the top of KUMO and Kijun Sen are the next resistance. I think that wait and see is the right strategy with some bullish thoughts of course.


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