Oracle may rise to 188.30 - 194.60

158.9 is our pivot point.

Our preference

As long as 158.9 is support look for 188.3.

Alternative scenario

The downside breakout of 158.9 would call for 148.4 and 142.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 161.9425 and 146.5856).

Supports and resistances

201 **

194.6 *

188.3 **

181.9

167.71 (USD-last)

163.1

158.9 **

148.4 *

142.2 **

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