Oracle may rise to 179.50 - 185.70

Our pivot point stands at 145.2.

Our preference

The upside prevails as long as 145.2 is support.

Alternative scenario

Below 145.2, expect 135.1 and 129.1.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 139.762 and 138.9266). Finally, Oracle is trading above its upper Bollinger band (standing at 148.34).

Supports and resistances

192.1 **

185.7 *

179.5 **

173.2

155.89 (USD-last)

149.1

145.2 **

135.1 *

129.1 **

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