Nike in a hesitant place - Analysis - 04-01-2021

Nike's stock (NKE) tumbled 1.20% in the last session amid negative signals from the RSI, amid negative pressure from the 50-day SMA, settling at 164.67, countered by trading alongside the main upward medium-term trend line.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 174.20, provided the support of 160.50 holds on.

Expected trend for today: Bullish