Nike may rise to 92.20 - 94.90

Our pivot point is at 78.6.

Our preference

As long as 78.6 is support look for 92.2.

Alternative scenario

The downside breakout of 78.6 would call for 74.2 and 71.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (84.4465) but above its 50 day moving average (82.0648).

Supports and resistances

97.5 **

94.9 *

92.2 **

89.5

83.94 (USD-last)

80.3

78.6 **

74.2 *

71.5 **

Number of asterisks represents the strength of support and resistance levels.