Emirhanhmc

ORCL Weekly Analysis. It may drop 85$!

Short
BATS:ORCL   Oracle Corporation
1) I drew Support Line in the past but it was broken many weeks ago. There was a pull back but prices could not exceed above the Resistance Line. It is still valid for Resistance Line. On the other hand, support line was broken and it is acting like Resistance Line.
2) I drew Resistance Line on RSI indicator and i drew a line there. In my opinion, it will decrease to March and it will continue to rise up again.
3) MACD has red bars and it is still down trend.
4) Momentum 0 Line can be used for strategy and if Momentum Line cuts below 0 Line it is sell sign or down trend.
5) For CCI some technicians are using 0 Line of CCI because +100 and -100 Lines are giving buy and short selling signs very late. CCI cuts below 0 Line and it is sell sign.
6) DMI has 3 moving averages. +DI(blue one), -DI(orange one) and ADX(red one). If ADX cut below -DI it is sell sign.
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