Oracle (ORCL) has broken below its 10-dma, which we would looking for as confirmation of a short position taken in the 61-62 price area per our original report. The 10-dma can now be used as a trailing stop with the 20-dema just below. A break below the 20-dema adds further confirmation to the set-up.
The weekly chat shows the breakout through the left side of a large punchbowl type of formation is now failing.
Short-Sale Set Up - Follow-Up on Oracle (ORCL) 9/23/20
Published: | 23 Sep 2020 14:42 ET |
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