Oracle may rise to 150.70 - 154.30

Our pivot point stands at 133.4.

Our preference

The upside prevails as long as 133.4 is support.

Alternative scenario

The downside breakout of 133.4 would call for 127 and 123.4.

Comment

The RSI is above 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 134.96 and 138.7194).

Supports and resistances

158.1 **

154.3 *

150.7 **

146.9

138.9 (USD-last)

135.7

133.4 **

127 *

123.4 **

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