andypiggott

andypiggott

Continue to be bullish on ORCL. On the daily chart you can see we are testing that resistance around $47.30 but we are creating a nice ascending triangle which is a bullish signal. We are above the EMA50 but the EMA200 is right overhead ($47.68) and provides major resistance for us to push through. We'll see if the bulls can push us through that this week.

andypiggott

Some retracement happening from the push to test the resistance at $47.30, I'd like to see us retest support below that again before taking a run towards $50 again. If it tests that resistance again now and then drops, it'll likely go looking for the next support level which looks strong at around $45.50.

andypiggott

The grey dashed lines suggest we are forming a triangle upwards while the blue shows a descending triangle. The short-term market is certainly bullish so this could break upward to challenge that resistance around $8400 but the volumes are weak so I think it's more likely to break down from these or if it does push up it'll bounce right off. If we do go up the...

andypiggott

Fantastic Bull run the past couple of days with some great trade setups. There is significant resistance coming up in the $8300 range and with the RSI and Stoch both being super-hot I think we're likely to see a rejection and some cooling off before taking another run at this area and working our way up to the 9k area. I'm Bullish in the short-term but looking for...

andypiggott

Looks like we'll break through the cloud and challenge the longer MA's, if we can break those we can expect a move to 7100-7200

andypiggott

Lets see if this right shoulder plays out

andypiggott

Oracle looks set for a little rebound which will test the short-term moving averages and then the longer-term moving averages which I believe it will ultimately fail to break, the market isn't in a position to support that type of move. The positive news about the lawsuit with Google is a decent catalyst to help the stock recover a little, there may be enough...