Oracle may rise to 162.30 - 168.40

Our pivot point stands at 133.6.

Our preference

As long as 133.6 is support look for 162.3.

Alternative scenario

Below 133.6, expect 123.1 and 117.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 141.6755 and 128.9438).

Supports and resistances

174.8 **

168.4 *

162.3 **

156

142.76 (USD-last)

137.6

133.6 **

123.1 *

117 **

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