Nike's stock fell 1.13% in the last session while seeking a bottom to bounce it higher anew, amid negative signals from the RSI, with positive support from the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms.
Therefore we expect the stock to return higher, targeting the resistance of 120.40, provided the support of 110.18 holds on.
Expected trend for today: Bullish