Oracle may rise to 151.30 - 154.60

Our pivot point is at 134.5.

Our preference

As long as 134.5 is support look for 151.3.

Alternative scenario

The downside breakout of 134.5 would call for 129.1 and 125.9.

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 trading under its 20 day moving average (140.918) but above its 50 day moving average (135.1032).

Supports and resistances

157.8 **

154.6 *

151.3 **

148.1

139.45 (USD-last)

136.6

134.5 **

129.1 *

125.9 **

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