Oracle nears record highs - Analysis - 19-10-2021

Oracle's stock (ORCL) rose 1.24% in the last session amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, countered by negative signals from the RSI, after reaching overbought levels.

We expect more gains for the stock, targeting the psychological resistance of 100.00, provided the resistance of 96.00 holds on.

Expected trend for today: Bullish