Nike widens gains - Analysis - 19-10-2021

Nike's stock (NKE) rose 0.90% in the last session, settling at 159.43, confirming the breach of the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, as the RSI reached overbought levels, hindering gains. 

Therefore we expect more gains for the stock, targeting the resistance of 164.35. 

Expected trend for today: Bullish