Re: TA... Both yesterdays and todays candles show what is known as an "inverted hammer". In a downtrend, it should be an indication of a bullish reversal signal, so long as there is a confirmation for the next timeframe. Yesterday (03/18) I see the inverted hammer. Today, the session starts higher, goes up to nearly 14 and closes higher than yesterdays close, WITH ANOTHER INVERTED HAMMER! You folks are correct, its chart is hard to read - except, MACD down, Stochastics down, momentum down, RSI down, Bollinger bands show a downward trend.
siliconinvestor.com
Bottom line, I always said buy ORCL below 13, regardless of todays movement (+.12), I think I'll wait (and probably kick myself in the butt for so doing).
Take Care one and all! |