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ORCL and LM on the watch

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April 13, 2011 – Comments (0) | RELATED TICKERS: LM , ORCL

Market made a pullback after the consolidation last week create quite a few pullbacks play opportunities even though several of the setups I was watching didn't hit the trigger point. Despite the market sell off on Tuesday, retail seemed to outperformed the rest of the market anticipating the retails sales data on Wednesday.

 

Among them LM stands out with a perfect move out of a bear flag toward an important resistance. If the retail data comes out good, this should help push LM to the break out level and to a more open area for more room to move. here's the chart:

 

Here's the Chart Analysis on LM.

 

ORCL - The stock broke out of a heavy resistance recently and now pulling back to test support in the form of bull flag.  On Tuesday Sell-off, the stock held up quite well and managed to create a doji by the end of the day on good volume. Looking for a break out of the bull flag for move higher toward channel resistance.

 

Here's the Chart Analysis on ORCL

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