NKE approaching long-term resistance
NIKE Inc. (NKE) presently trading above long-term resistance.
If a weekly settlement above this resistance occurs, (NKE) would be placed into a buy signal where gains of 20% would be expected over the following 5 - 6 months.
Inversely, closing below a near-term channel top would allow bearish rotation to recent lows, eliciting losses of 20% over the following 2 - 5 months.
If a weekly settlement above this resistance occurs, (NKE) would be placed into a buy signal where gains of 20% would be expected over the following 5 - 6 months.
Inversely, closing below a near-term channel top would allow bearish rotation to recent lows, eliciting losses of 20% over the following 2 - 5 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.