Oracle may rise to 131.20 - 133.70

Our pivot point stands at 118.8.

Our preference

The upside prevails as long as 118.8 is support.

Alternative scenario

Below 118.8, expect 114.5 and 112.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 117.2095 and 121.0042). Finally, Oracle has crossed above its upper daily Bollinger band (122.77).

Supports and resistances

136.3 **

133.7 *

131.2 **

128.6

123.5 (USD-last)

120.4

118.8 **

114.5 *

112.1 **

Number of asterisks represents the strength of support and resistance levels.