08.04.2015 - Nike shares continue to rise
Nike's stock price decreases along the sloping resistance line and approached the lower boundary of the local rising channel. In case of fixing of the price below this level, we recommend to open short positions with a stop above 103.00 and targets at 90,00 and 84,00. At the same time, there is the likelihood of continued growth within the channel to 106.00. We expect the price growth in the medium term and recommend holding long positions with a stop below 96.00.