June 14, 2011

ORACLE Chart analysis

  • ORACLE is taking support at 78.6% retrace level.
  • Stochastic and price is diverging. If stochastic goes above 20% price may start moving up.
  • Last chart shows broken trend line in daily chart. So this line may act as resistance. If price closes above the broken trend line we will get a buy signal. Hold the long position with 10 day EMA as trailing stop on closing basis.

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