Nike's stock (NKE) surged in the intraday levels, scoring a fresh profit of 1.52% in the last session, or 0.88 points, and tackling the important resistance of 58.60, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 68.19 to 49.01), amid an influx of positive signals from relative power indicators, with ongoing positive pressure from the SMA for the last 50 days period. 

Therefore we expect more gains to come for the stock, provided it pierces the resistance of 58.60, targeting the next resistance at 60.87, which represents the ratio 61.8% of the same retracement levels mentioned earlier.