Nike may rise to 87.60 - 92.40

Our pivot point stands at 65.5.

Our preference

Short term rebound towards 87.6.

Alternative scenario

Below 65.5, expect 57.3 and 52.5.

Comment

The RSI is below its neutrality area at 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 73.468 and 85.7788).

Supports and resistances

97.4 **

92.4 *

87.6 **

82.6

72.56 (USD-last)

68.6

65.5 **

57.3 *

52.5 **

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