Nike may rise to 99.60 - 101.20

Our pivot point stands at 91.2.

Our preference

Rise towards 99.6.

Alternative scenario

Below 91.2, expect 88.5 and 87.

Comment

The RSI is below its neutrality area at 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 trading under its 20 day moving average (93.672) but above its 50 day moving average (93.0804).

Supports and resistances

102.8 **

101.2 *

99.6 **

98

93.39 (USD-last)

92.3

91.2 **

88.5 *

87 **

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