Oracle gathers positive momentum - Analysis - 14-07-2021

Oracle's stock (ORCL) barely inched down in the last session on profit-taking while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance of 90.60, provided it holds above 84.90. 

Expected trend for today: Bullish