Oracle may rise to 133.60 - 136.70

Our pivot point is at 118.2.

Our preference

As long as 118.2 is support look for 133.6.

Alternative scenario

Below 118.2, expect 113.1 and 110.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 121.329 and 120.2538).

Supports and resistances

139.8 **

136.7 *

133.6 **

130.5

123.5 (USD-last)

120.3

118.2 **

113.1 *

110 **

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