(Finance) – Strong rise for Oraclewhich shows a burning rise of 10.35% on previous values.
The cloud services giant announced a partnership with Google Cloud to facilitate enterprise customers’ application migrations and modernization efforts by combining Oracle Cloud Infrastructure (OCI) with Google Cloud technologies.
The comparison of the title with theS&P 100on a weekly basis, shows the greatest relative strength of leading enterprise software provider compared to the index, highlighting the concrete attractiveness of the stock by buyers.
The medium-term technical implications are always read in a bullish light, while in the short term we are witnessing a weakening of the bullish push due to the evident difficulty in proceeding above 139.7 USD. The most immediate support level controlling the current phase seen in the 133.8 area is still valid. The most consistent expectations favor an extension of the corrective movement towards 130.9, which will occur in a reasonably short time.