Oracle $ORCL went from sideways consolidation in the second half of 2017 to a bearish correction in March through June in 2018. However, since late June, price action has rebounded, and now suggests a bullish outlook.ORCL Daily Chart(click to enlarge)Bearish Correction Over?- In June, price found resistance at the 200-day simple moving average (SMA). This bearish slingshot signal eventually translated into another bearish correction swing that cracked $43. - Then, we saw a V-shape reversal that looked promising.- However the bullish momentum was weak as price held under $49 and the RSI failed to push above 70.- Still, on the other side, price held above $47, but most importantly is holding above the cluster of moving averages as support. - This can be interpreted as a bullish slingshot signal. We saw the same reaction during the 9/18 session, which formed a an engulfing candle, which adds to the bullish outlook.- Finally, we can also interpret the RSI action to be bullish, although there was no strong bullish momentum yet. It does reflect maintenance of the slight bullish momentum since July. - I think it more likely price will break above $50 then below $47 at this point, and will likely retest the $53 high this year.