Oracle may rise to 151.10 - 154.90

132.9 is our pivot point.

Our preference

Our next up target stands at 151.1.

Alternative scenario

The downside breakout of 132.9 would call for 126.7 and 122.9.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 134.837 and 138.1642).

Supports and resistances

158.7 **

154.9 *

151.1 **

147.3

139.17 (USD-last)

135.3

132.9 **

126.7 *

122.9 **

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