Nike may rise to 87.40 - 92.30

64.5 is our pivot point.

Our preference

Short term rebound towards 87.4.

Alternative scenario

Below 64.5, expect 56.4 and 51.6.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 72.9705 and 83.5648).

Supports and resistances

97.2 **

92.3 *

87.4 **

82.4

71.42 (USD-last)

67.6

64.5 **

56.4 *

51.6 **

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