Oracle on a downward path - Analysis - 21-12-2021

Economies.com
2021-12-21 11:47AM UTC

Oracle's stock (ORCL) tumbled 5.15% in the last session, settling at 91.64 and trespassing the support of the 50-day SMA, while also piercing the main upward short-term trend line, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the support of 84.95, provided the resistance of 98.90 holds on.

 

Expected trend for today: Bearish

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