Technical Analysis: Oracle Looking bearish on the weekly chart:
-Completed a head and shoulders topping formation
-Broken below 52-week long term average
-One year plus rising trend line was taken
-Breakout accompanied with pick up in volume levels
I am looking for an initial target at major broken resistance at 36.40, should turn to support now. Lets see how things unfold.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
-Completed a head and shoulders topping formation
-Broken below 52-week long term average
-One year plus rising trend line was taken
-Breakout accompanied with pick up in volume levels
I am looking for an initial target at major broken resistance at 36.40, should turn to support now. Lets see how things unfold.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.