Top technician says charts point to a rally for classic tech stock Oracle

Top technician says charts point to a rally for classic tech stock Oracle

6 years ago
Anonymous $yysEBM5EYi

https://www.cnbc.com/2018/11/05/top-technician-says-charts-point-to-a-rally-for-cloud-stock-oracle.html

As the tech wreck rages on, one top technician says Oracle could rise above the carnage.

The classic cloud stock has had a turbulent year and is now down around 8 percent from its all-time closing high of $52.97 in March. However, Carter Worth, head of technical analysis at Cornerstone Macro, says there's something in the charts suggesting the stock could be poised for a breakout ahead.