Nike may rise to 86.10 - 88.40

72.1 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 72.1 would call for 68.4 and 66.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (73.5135) but below its 50 day moving average (81.3942). Finally, Nike is trading above its upper Bollinger band (standing at 76.81).

Supports and resistances

90.7 **

88.4 *

86.1 **

83.7

78.5 (USD-last)

73.6

72.1 **

68.4 *

66.2 **

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