Nike touches SMA resistance - Analysis - 13-12-2018

Economies.com
2018-12-13 14:03PM UTC

Nike's stock rose 1.02% in the last session, or 0.75 points, touching the resistance of the 50-day SMA, amid the dominance of the downward correctional wave in the short term, with negative signals from the RSI. 

 

Therefore we expect the stock to return lower, as long as the resistance of 76.10 holds on, targeting the support of 71.15. 

 

Expected trend for today: Likely Bearish 

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