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Thursday, July 5, 2012

Chart of the day shows Oracle breaking out

Hope everybody had a happy 4th of July holiday.

Time is money so let's get strait to the chart of the day, Oracle. As long as the US market continues to trading into a liquidity (easy money has to go somewhere) bubble, and tech stocks continue to lead.... because the bulls are still in love with Tech.    

Oracle took a year consolidating into a bullish contracting triangle in wave B, and now it's breaking out in wave C. Buy it today, and add to your position if it fills the gap @ $28 on a pullback.
Basically just treat it as a momentum trade. 


I'll be adding this one to our basket of winners on the Stock Pics Page.

If you appreciate these charts you can show it by donating to my paypal, or better yet become an member.

For dicosure: I have no personal trade in Oracle, and don't expect to trade it for the next 90 days.

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