Nike may rise to 102.00 - 103.80

Our pivot point stands at 91.2.

Our preference

Rise towards 102.

Alternative scenario

The downside breakout of 91.2 would call for 88.2 and 86.4.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 93.4655 and 92.917).

Supports and resistances

105.7 **

103.8 *

102 **

100.2

93.68 (USD-last)

92.3

91.2 **

88.2 *

86.4 **

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