Nike may rise to 91.10 - 93.80

Our pivot point stands at 77.3.

Our preference

Our next up target stands at 91.1.

Alternative scenario

Below 77.3, expect 72.8 and 70.3.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 74.292 and 80.8318). Finally, Nike has crossed above its upper daily Bollinger band (79.79).

Supports and resistances

96.4 **

93.8 *

91.1 **

88.4

82.5 (USD-last)

79

77.3 **

72.8 *

70.3 **

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