Nike may rise to 89.40 - 94.40

Our pivot point is at 66.

Our preference

Short term rebound towards 89.4.

Alternative scenario

Below 66, expect 57.7 and 52.8.

Comment

The RSI is below 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 72.9765 and 82.8042).

Supports and resistances

99.4 **

94.4 *

89.4 **

84.3

72.62 (USD-last)

69.3

66 **

57.7 *

52.8 **

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