Nike may rise to 103.30 - 105.10

Our pivot point stands at 94.4.

Our preference

The upside prevails as long as 94.4 is support.

Alternative scenario

The downside breakout of 94.4 would call for 91.5 and 89.7.

Comment

The RSI is above 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 94.6235 and 93.6576).

Supports and resistances

106.9 **

105.1 *

103.3 **

101.6

97.17 (USD-last)

95.5

94.4 **

91.5 *

89.7 **

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