Nike may rise to 97.20 - 98.80

Our pivot point stands at 89.3.

Our preference

Short term rebound towards 97.2.

Alternative scenario

Below 89.3, expect 86.5 and 84.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 92.3825 and 93.2728).

Supports and resistances

100.5 **

98.8 *

97.2 **

95.5

91.75 (USD-last)

90.4

89.3 **

86.5 *

84.9 **

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