Oracle ends cautiously higher - Analysis - 30-11-2020

Oracle's stock (ORCL) rallied 0.61% in the last session amid negative pressure from the 50-day SMA, while hurt by piercing the main upward trend line recently, amid the dominance of the downward short-term wave, as the RSI reached overbought levels. 

Therefore we expect the stock to return lower, targeting the support of 53.60, provided the resistance of 58.44 holds on.

Expected trend for today: Likely Bearish