ORCL Large Cap Tech Setting up Bearish Continuation

ORCL may not be joining the technology stock parade. Although it ran up

on the 2H chart with a good 30% rise between earnings. the MACD indicator

showed a double top. On the retracement, the price descended but then

stalled. It came up short of a 40-50% retracement and went sideways

into a flat top triangle. The MACD indicator has been with a negative

red histogram and now a downward-curving set of lines.

I see this as a short trade setup in stock not thriving in the technology

run-up. It could be that investors are simply deploying cash to far better

profit opportunities and not considering this stock as a good move.

Others may be already shorting this. I will join them.