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lori
06-16-2008, 09:45 PM
heres another one..
it hit SK support and TRSI is up wkly, monthly and just turned up dly. if it can break out and stay out....
i put some profit expansions on the chart---lori

FibMaster
06-20-2008, 10:47 AM
Lori, your chart didn't come through.

FibMaster
06-20-2008, 10:54 AM
FYI, weekly chart shows three failed tests of resistance up at about $23.00 That is not too far from monthly SK resistance at $21.75/$22.25

I like your SK support level on the daily, and there is another a little lower. (see attached chart). A bounce off those would be good for short-term scalps up towards prior resistance at $23 approx.

If ORCL breaks support at $21.25, the chart turns bearish, so be careful down there.