Nike declines in volatile session - Analysis - 26-10-2020

Nike's stock (NKE) fell 0.02% in the last session while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to return higher and target the resistance of 133.62, provided the support of 120.67 holds on. 

Expected trend for today: Bullish