Nike tries to recoup some losses - Analysis - 13-01-2022

2022-01-13 10:44:42 GMT (Economies.com)
 

Nike's stock (NKE) rose 1.27% in the last session, while recouping some losses and venting off oversold saturation in the RSI, settling at 152.21, retesting the current resistance at 152.28, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 125.42 to 178.08), with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the next support at at 145.92, representing the ratio 61.8%.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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