Nike attacks pivotal resistance - Analysis - 13-08-2020

Economies.com
2020-08-13 14:03PM UTC

Nike's stock rose 0.65% in the last session and tackled the pivotal resistance of 105.58, amid the dominance of the main upward short-term trend, with support from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 117.83, provided the resistance of 105.58 was breached. 

 

Expected trend for today: Bullish  

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