Nike may rise to 89.20 - 94.20

Our pivot point is at 65.5.

Our preference

Short term rebound towards 89.2.

Alternative scenario

The downside breakout of 65.5 would call for 57.3 and 52.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (73.052) but under its 50 day moving average (83.9864).

Supports and resistances

99.2 **

94.2 *

89.2 **

84.1

74.01 (USD-last)

68.7

65.5 **

57.3 *

52.4 **

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