Nike may fall to 86.70 - 88.30

96.7 is our pivot point.

Our preference

Target 88.3.

Alternative scenario

The upside breakout of 96.7 would call for 99.4 and 101.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (94.8765) but above its 50 day moving average (93.7318).

Supports and resistances

101 **

99.4 *

96.7 **

95.5

94.06 (USD-last)

90

88.3 **

86.7 *

85.1 **

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