Nike tries to vent off overbought saturation - Analysis - 30-11-2020

Nike's stock (NKE) declined 0.95% in the last session while gathering momentum to help it rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 143.35. 

Expected trend for today: Bullish