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ContraryTrader

Orcl pennant

Long
Oracle Corporation (NYSE:ORCL)  
ContraryTrader  
NYSE:ORCL   Oracle Corporation
Trend Analysis
8
1
trendanalysis
Long back to 130...
Short only on a close below 113.

Pennant formed here..

Stock has only dropped below its 50sma once this year and that was on earnings..
50sma is now at 113.70, so stock position + pattern makes this a good risk reward .
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