Oracle Corporations stock price (ORCL) kept rising in the intraday levels, shaking off negative pressure in the 50-day SMA, while buoyed by positive signals from the RSI despite reaching overbought levels, amid the dominance of the main upward trend in the medium term, as the stock trades alongside the secondary short-term trend line.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $127.42, provided it settles above $117.67.

Trend forecast: Bullish