Oracle Corp Stock Code ORCL.NAS
Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bearish and is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the previous low support at $70.66.
Outlook
Strategy
$76.30 Sell
$70.70 Price Target
$79.90 Risk Management Stop
3 weeks Trade Duration
