Stock Technical indicators to notice in ORACLE (ORC.BE)
1- Last bullish trend was from 21.50 $ (3/17/2011) to 24.05 $ (4/5/2011) a 2.55 $ move 2- The current bearish trend started from 24.05 $ at 4/5/2011 and is currently trading at 23.16 $.
4- ORC.BE current resistance level is at 23.45 which is the 23.60 % fibonacci retracement of the last 2.55 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ORACLE (ORC.BE) Short term stock chart patterns for internet stock trading :
ORACLE (ORC.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 21.500 and 19.610, and is currently supporting at 21.779.
ORACLE (ORC.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 21.500 and 17.210, and is currently supporting at 22.025.
Stock Trading Conclusion:
ORACLE (ORC.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 23.37, 23.45, 23.50, 23.60, 23.71, 24.05,.
Stock Support levels : 23.08, 22.77, 22.47, 22.02, 21.78, 21.50, 20.81,.
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