Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 201.04

-0.4%

3:59 PM EST

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To: hoyasaxa who wrote (3764)	12/6/1997 1:54:00 PM
From: Quaddad	Read Replies (3) of 19080

Has anyone done a technical analysis on ORCL lately. I did quick, fairly limited analysis with the few tools I have. I'd appreciate a more expert view to both give me a better picture and hopefully educate me a little. My analysis turned up a fairly consistent downward channelling pattern since the middle of August. Right now we are just off the lower support channel moving upwards. If history hold true, ORCL could see $33-$35 over the next 5 to 7 days. I also noticed ORCL just completed a kind of double bottom around the $29 1/2 area. From what I've learned in the past, ther is no better time to buy than just after a double bottom. The 5 day fast and slow stochastics just crossed at around 15. ORCL usually doesn't stay to long when it is under 20. The 20 stochastics justed crossed at 13. Again this indicator doesn't stay to long under 20, 2 or 3 days. I have found that most stocks that have a 20 day stoch. below 20 is buyable at that level unless ther is something very wrong, news wise or earnings ect... Kind of a no brainer indicator. Both the OBV and RSI have begun to move higher also. Both the money flow and ACC/DIS don't look so hot, but I am not so great at interpreting these. So my opinion is BUY. Looks like a good a time as any short term. If anyone has anything to add, subtract, disprove, make better ect... Please do. I'm like a sponge looking for more improved ways to make my trading life less traumatic.

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