Nike tries to garner positive momentum - Analysis - 15-10-2020

Nike's stock (NKE) fell 1.19% in the last session amid negative signals from the RSI while trying to gather momentum to help it rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of 133.62, provided the support of 120.67 holds on. 

Expected trend today: Likely Bullish