Nike may fall to 70.90 - 73.50

Our pivot point is at 85.9.

Our preference

The downside prevails as long as 85.9 is resistance.

Alternative scenario

The upside breakout of 85.9 would call for 90.2 and 92.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 83.8495 and 82.7334).

Supports and resistances

92.9 **

90.2 *

85.9 **

84.2

81.42 (USD-last)

76

73.5 **

70.9 *

68.3 **

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