Oracle Corporation (NYSE: ORCL)

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. It licenses database and middleware software, including database and database management, application server and cloud application, service-oriented architecture and business process management, business intelligence, identity and access management, data integration, Web experience management, portals, and content management and social network software, as well as development tools and Java, a software development platform. In addition, it offers servers; storage, networking, and virtualization software; operating systems, including the Oracle Solaris Operating System; Oracle engineered systems; and hardware systems support solutions, including software updates for the software components, as well as product repair, maintenance, and technical support services.
To review Oracle's stock, please take a look at the 1-year chart of ORCL (Oracle Corporation) below with my added notations:
ORCL has formed a very clear down-channel chart pattern over the last (6) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that ORCL has (4) points of channel resistance (red) and (2) points of channel support (blue). Following the ORCL channel can provide you with both long and short trading opportunities.

The Tale of the Tape: ORCL has formed a common pattern know as a channel, in this case, a down channel. A long trade can be entered on a pullback to the channel support, which at this point is somewhere down in the mid-20's, or on a breakout through the channel resistance, currently sitting near $33. Short trades could also be placed at channel resistance or if ORCL were to break below the channel support.
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