Stocks

Nike attacks pivotal resistance - Analysis - 18-04-2019

2019-04-18 13:40:54 GMT (Economies.com)

Nike's stock kept rising in the short term, attacking the pivotal resistance of 88.59, with positive pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, while the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, especially if the resistance of 88.59 was breached, targeting the next one at 90.66. 

 

Expected trend for today: Bullish 

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