Oracle may rise to 135.80 - 139.00

Our pivot point is at 119.2.

Our preference

The upside prevails as long as 119.2 is support.

Alternative scenario

The downside breakout of 119.2 would call for 113.9 and 110.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 121.793 and 120.2668).

Supports and resistances

142.2 **

139 *

135.8 **

132.7

125.92 (USD-last)

121.2

119.2 **

113.9 *

110.8 **

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