Nike may rise to 98.90 - 100.60

Our pivot point is at 89.8.

Our preference

Our next up target stands at 98.9.

Alternative scenario

Below 89.8, expect 87 and 85.3.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 92.4055 and 92.8484).

Supports and resistances

102.3 **

100.6 *

98.9 **

97.3

93.45 (USD-last)

90.9

89.8 **

87 *

85.3 **

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