Oracle may fall to 114.60 - 120.30

Our pivot point is at 148.8.

Our preference

Target 120.3.

Alternative scenario

Above 148.8, look for 158.8 and 164.8.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (141.6835) but above its 50 day moving average (133.8176).

Supports and resistances

164.8 **

158.8 *

148.8 **

145

137.82 (USD-last)

126.1

120.3 **

114.6 *

108.8 **

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