Stocks

Oracle receives positive support - Analysis - 26-10-2020

2020-10-26 12:33:56 GMT (Economies.com)

Oracle's stock (ORCL) rose 0.35% in the last session after gaining momentum and leaning on the support of the 50-day SMA, while testing the main upward trend line in the medium term, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the record resistance of 63.35, provided the support of 59.25 holds on.

 

Expected trend for today: Bullish 

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