(update) ORCL

Oracle triggered last week's commentary’s bullish scenario (trading above $71.20) and reached the objective of $74.90. Oracle may continue its uptrend as indicated by bullish readings in MACD, EMA10-EMA20 and price action showing higher highs and higher lows since June 2022. The latest upside resistance is $77.91. Alternatively, a daily close below $71.20 could present short selling opportunity with a potential retest of $68.23 support.