ORCl is inside of a big rising wedge which is a bearish pattern, and inside of which is a smaller rising wedge. A day before we had the Doji indecision candlestick pattern and today we confirmed a drop, therefore, it got a sell signal.
Volume is not confirming price action as it is below 20 days.,
It is above all major MA which could be bullish.
RSI is in overbought territory and has strong bearish/negative divergences which are bearish and could indicate sooner than later correction.
MACD also has strong negative/bearish divergences.
Overall: ORCL is in a big bearish pattern which break could cause a major fall in price. In the case of a further drop, ORCL has to find support at the downtrend line otherwise could be fast and nasty. Because of price action, volume, and RSI and MACD negative divergences, it got a sell signal.
Volume is not confirming price action as it is below 20 days.,
It is above all major MA which could be bullish.
RSI is in overbought territory and has strong bearish/negative divergences which are bearish and could indicate sooner than later correction.
MACD also has strong negative/bearish divergences.
Overall: ORCL is in a big bearish pattern which break could cause a major fall in price. In the case of a further drop, ORCL has to find support at the downtrend line otherwise could be fast and nasty. Because of price action, volume, and RSI and MACD negative divergences, it got a sell signal.
Consistency is the key of success....
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Consistency is the key of success....
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。