Oracle trims gains - Analysis - 22-09-2020

Economies.com
2020-09-22 10:26AM UTC

Oracle's stock rose 1.79% in the last session, hitting a session-high at 62.34 and moving away from it, amid negative signals from the RSI while venting off overbought saturation, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the first resistance of 65.20, provided the resistance of 60.50 was breached. 

 

Expected trend for today: Bullish 

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