This is the 2nd hour in a row orcl has seen its price head up.
It’s been a feast for bulls operating on an hourly timeframe, as orcl has now gone up 4 of the past 5 hours.
Long way to go and this week high potential growth.
This is a reversal of the price action on the previous hour, in which price moved up.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This move happened on lower volume, as yesterday’s volume was down 19.68% from the day before — and down 26.94% from the same day the week before.