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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