ORCL Follow Up

ORCL was a trade idea (short) from March 13th. ORCL has poped off several alerts this a.m., this is kind of a similar situation like we see in WMT.

 Here's the long term daily chart and what I believe is a large descending triangle top.

 Note there is a bear flag breakdown and ORCL has not been able to make it to the top resistance trendline, often a sign of weakness, especially useful in broadening tops after 5 points of contact with the trend lines.

 ORCL today is just below the bear flag, there could still be some volatility on the break of the flag's support, but ORCL looks like it's falling apart here.

 The 60 min chart of the bear flag has been leading negative  since about the time ORCL popped out of the bear flag on a shakeout move.

Here's the more recent 15 min chart showing a leading negative divergence, so it's no surprise ORCL is where it is.

Email me if you need stops for ORCL, obviously there are several different length trades one could take considering we still have the top's support below.