Oracle Forms a Bearish Pattern and Shows Relative Weakness



Oracle (ORCL) held its own from July to September, but weakened in October and showed relative weakness. The indicator window shows the price relative turning down and breaking below the August-September lows. On the price chart, ORCL fell to 32 and then formed a rising wedge the last few weeks. This is a bearish pattern and a break below 32.5 would signal a continuation lower.

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Click this image for a live chart

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