Nike may rise to 92.10 - 94.80

Our pivot point is at 78.9.

Our preference

The upside prevails as long as 78.9 is support.

Alternative scenario

The downside breakout of 78.9 would call for 74.4 and 71.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 74.8185 and 80.61). Finally, Nike has crossed above its upper daily Bollinger band (81.55).

Supports and resistances

97.5 **

94.8 *

92.1 **

89.3

83.23 (USD-last)

80.7

78.9 **

74.4 *

71.8 **

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