Scott
"ready for the bi weekly ORCL update"
I'm confused! In one sentence you say you want to know my opinion on where the stock is going, then in the next sentence you say you don't care what the TA is you are holding the stock for 20,30, etc. Whhaaasss up?
Anyway, for your's and other's amusement. On the last TA I said that the stock would hit on the overhead MA in the mid 17's...Jeez, guessed right again!!
stockcharts.com[m,a]waolyyay[pb50!b200][vc60][iUb14!Lp14,3,3]
Now, for the this weeks crystal ball gaze. Note that the 50weekMA has been broken above. Great sign, very bullish, however, the stock is now way ahead of itself and needs to get back down to the mid 14 to 15 level and allow the 50/200 cross to occur. Once that happens, then you may see 22.50 on the upside at the next mid term resistance.
Ken |
