Nike may rise to 91.50 - 94.10

Our pivot point stands at 79.5.

Our preference

The upside prevails as long as 79.5 is support.

Alternative scenario

The downside breakout of 79.5 would call for 75.2 and 72.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 75.7475 and 80.1014).

Supports and resistances

96.7 **

94.1 *

91.5 **

89

83.56 (USD-last)

81.1

79.5 **

75.2 *

72.8 **

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