Nike may rise to 100.20 - 101.80

92 is our pivot point.

Our preference

The upside prevails as long as 92 is support.

Alternative scenario

The downside breakout of 92 would call for 89.3 and 87.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 93.9635 and 93.2992).

Supports and resistances

103.5 **

101.8 *

100.2 **

98.6

94.78 (USD-last)

93.2

92 **

89.3 *

87.7 **

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