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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: contrarios who wrote (10230)3/23/1999 10:27:00 AM
From: JH  Read Replies (1) | Respond to of 19079
 
TA hints: to be precise, there was a breakout gap formed back in 12/23/98 when ORCL opened at around $28 compared to the previous day's closing price of $26-5/8. The "low" price of today, $26-1/2, fills the gap. In most cases, the filled "gap" represents excellent support.

Some of today's selling can be attributed to end-of-quarter window dressing (forced selling). IMHO, this is a fantastic opportunity to accumulate ORCL for those who are bullish on the stock.