Oracle may rise to 134.30 - 136.80

Our pivot point is at 120.

Our preference

The upside prevails as long as 120 is support.

Alternative scenario

Below 120, expect 115.8 and 113.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 119.109 and 121.3688).

Supports and resistances

139.4 **

136.8 *

134.3 **

131.8

124.09 (USD-last)

121.6

120 **

115.8 *

113.3 **

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