Nike stalls - Analysis - 14-07-2021

Economies.com
2021-07-14 11:37AM UTC

Nike's stock (NKE) declined 0.14% in the last session on profit-taking while gathering positive momentum to help it rise anew, as it vented off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 170.00, provided the resistance of 161.65 was breached. 

 

Expected trend for today: Bullish 

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