Oracle may rise to 188.50 - 192.70

Our pivot point stands at 168.7.

Our preference

As long as 168.7 is support look for 188.5.

Alternative scenario

The downside breakout of 168.7 would call for 161.7 and 157.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 172.217 and 157.7968).

Supports and resistances

197 **

192.7 *

188.5 **

184.3

175.31 (USD-last)

171.5

168.7 **

161.7 *

157.5 **

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