Nike may rise to 89.90 - 95.00

Our pivot point stands at 66.8.

Our preference

Short term rebound towards 89.9.

Alternative scenario

The downside breakout of 66.8 would call for 58.3 and 53.3.

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 above its 20 day moving average (73.0625) but below its 50 day moving average (82.1014).

Supports and resistances

100.1 **

95 *

89.9 **

84.8

74.34 (USD-last)

70.1

66.8 **

58.3 *

53.3 **

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