Nike emits mixed signals - Analysis - 23-09-2021

Nike's stock (NKE) rose 1.56% in the last session, settling at 157.44, while trading alongside the main upward trend line in the medium term, with positive signals from the RSI after reaching oversold levels, countered with negative pressure from the 50-day SMA, while dominated by the downward correctional short-term wave. 

Therefore we expect more cautious gains for the stock, targeting the resistance of 162.55. 

Expected trend for today: Bullish