ORCL technicals at resistance level with earnings

Technical Analysis

• On June 20th, we started and important channel, and we are back at this level at $55.5
  
  
• Since this date, we have a slight RSI upward trend, with an even bigger OBV uptrend.
  
  
• Fibonacci retracement level at 50%
  

Important dates
Earnings will be announced Thursday September 12th, after the close.

코멘트:

Oracle reported mixed results for first-quarter.

The stock is still above the 61.8% Fibonacci though.