Nike attacks current resistance Analysis - 10-08-2018

Nike's stock rose in the intraday levels, tackling the pivotal resistance of 81.16 and marking a profit of 0.94% in the last session, or 0.76 points, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, while the RSI reached extremely overbought levels. 

We expect more gains for the stock, especially if the resistance of 81.16 was breached, targeting the next one at 84.65.