Nike may rise to 91.90 - 94.50

Our pivot point is at 79.9.

Our preference

The upside prevails as long as 79.9 is support.

Alternative scenario

Below 79.9, expect 75.6 and 73.1.

Comment

The RSI is above its neutrality area at 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 77.5675 and 79.4196).

Supports and resistances

97 **

94.5 *

91.9 **

89.4

84.05 (USD-last)

81.6

79.9 **

75.6 *

73.1 **

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