Nike readies to tackle pivotal resistance - Analysis - 04-06-2020

Nike's stock rose 3.35% in the last session, readying to tackle the pivotal resistance of 105.57, amid the dominance of the main upward trend in the short term, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 117.80, especially if the resistance of 105.57 was breached. 

Expected trend for today: Bullish