Nike may rise to 103.40 - 105.20

Our pivot point stands at 92.9.

Our preference

The upside prevails as long as 92.9 is support.

Alternative scenario

The downside breakout of 92.9 would call for 90 and 88.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 93.0105 and 92.7558). Finally, Nike has crossed above its upper daily Bollinger band (96.19).

Supports and resistances

107 **

105.2 *

103.4 **

101.6

96.55 (USD-last)

94.2

92.9 **

90 *

88.2 **

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