Nike may fall to 71.40 - 74.10

87.1 is our pivot point.

Our preference

Target 74.1.

Alternative scenario

The upside breakout of 87.1 would call for 91.7 and 94.4.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (83.385) but above its 50 day moving average (80.687).

Supports and resistances

94.4 **

91.7 *

87.1 **

85.3

82.25 (USD-last)

76.8

74.1 **

71.4 *

68.7 **

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