Oracle leans on main upward trend line - Analysis - 24-11-2021

Oracle's stock (ORCL) fell 1.77% in the last session amid negative signals from the RSI, settling thereafter at 92.94, while leaning on the main upward trend line in the medium term, while also leaning on the support of the 50-day SMA, as it gathers momentum to help it rise anew.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 99.00, provided the support of 91.10 holds on.

Expected trend for today: Bullish