Nike amid positive outlook - Analysis - 06-09-2018

Nike's stock rose in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, scoring thereafter a 0.40% profit in the last session, or 0.32 points, while the RSI reached oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, targeting the resistance of 83.57, as long as the support of 78.18 holds on. 

Expected trend for today: Bullish