Nike climbs within negative zone - Analysis - 06-10-2021

2021-10-06 12:23:21 GMT (Economies.com)
 

Nike's stock (NKE) rose in the intraday levels amid positive signals from the RSI, amid attempts to recoup some recent short-term losses, while trading below the resistance of 153.00, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave (from 118.77 to 174.27), amid negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 140.00, representing the ratio 61.8% of the same retracement levels, provided the resistance of 153.00 holds on.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0511
0.0069
0.6651%
1.2252
0.0205
1.6982%
22.743
1.387
6.495%
81.614
7.185
9.653%
87.35
0.28
0.32%
1802.210
51.735
2.955%
 
 
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