Home > Apprentice Trader Journals > $Debbie: Where is opportunity in ORCL?

$Debbie: Where is opportunity in ORCL?

After breaking the 22.00 area ORCL seems to have gotten some gusto. The daily chart is relatively flat; however, we can see that order flow has taken a turn to the upside.

A nice two day trend to the upsdie  on the hrly and 15 min. charts has formed which has created opportunity in ORCL.

This trader is looking for a pullback and continuation or a pause and a continuation. A pullback to 22.00 and hold  or  a break and hold above  22.50 would allow for entries for a continuation of orderflow to the upside.

 

Profitable trading all!!

 

Debbie

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