Oracle Corporation (ORCL) is on a Channel Up within a Channel Up (blue) that is rising despite the Channel Down (bearish divergence) on the 1D RSI. It is still in a rising wedge and prices arrive at the end of the pattern.Even though the market had an extreme bull run the last 2 weeks ORCL didn't move too much.Once the price breaks the lower trend line, it would be a very nice short-sell position with a very big reward-to-risk ratio as major. ORCL daily didn't change too much from the last report/analysis I see the double top pattern on ORCL also I think ORCL is overpriced it is uptrend since the beginning Oct 2022.Also, the stocks' mean P/E ratio is about 20 now it is almost 30s.For these reasons, I am bearish on ORCL.I want to move opposite side I think the stock needed consolidation and then bounced up.
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