Oracle may rise to 161.10 - 167.20

Our pivot point is at 131.5.

Our preference

The upside prevails as long as 131.5 is support.

Alternative scenario

Below 131.5, expect 121.4 and 115.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 133.218 and 124.51).

Supports and resistances

173.2 **

167.2 *

161.1 **

155

141.2 (USD-last)

135.4

131.5 **

121.4 *

115.5 **

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