Nike may rise to 102.40 - 104.30

Our pivot point stands at 93.2.

Our preference

The upside prevails as long as 93.2 is support.

Alternative scenario

The downside breakout of 93.2 would call for 90.2 and 88.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 93.2635 and 92.7962).

Supports and resistances

106 **

104.3 *

102.4 **

100.6

96 (USD-last)

94.4

93.2 **

90.2 *

88.4 **

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