Today’s instrument is the Oracle Corp. stock traded on the NYSE exchange under the ticker ORCL. 

Looking at the ORCL’s chart, we can see last week it popped from around $64 to around $73.20 due to better than expected quarterly earnings but currently it is trading at around $67.65.

Its support level is located at around $66.80 and its strong support level is located at around $65 whereas its strong resistance level is located at around $73.20.

Today if it manages to hold its price above the support level of around $66.80, then we could expect it to rise above the physiological level of $70 otherwise it should test the level of $65.

(Click on image to enlarge)