Oracle may fall to 114.80 - 118.10

135.5 is our pivot point.

Our preference

The downside prevails as long as 135.5 is resistance.

Alternative scenario

Above 135.5, look for 141.3 and 144.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 138.515 and 135.6836). Finally, Oracle has penetrated its lower daily Bollinger band (129.46).

Supports and resistances

144.7 **

141.3 *

135.5 **

133.3

128.21 (USD-last)

121.4

118.1 **

114.8 *

111.4 **

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