Nike may rise to 97.20 - 98.80

Our pivot point is at 89.3.

Our preference

Short term rebound towards 97.2.

Alternative scenario

Below 89.3, expect 86.5 and 84.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 92.3825 and 93.2728).

Supports and resistances

100.5 **

98.8 *

97.2 **

95.5

91.75 (USD-last)

90.4

89.3 **

86.5 *

84.9 **

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