Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal.
Let me know what you think in the comments.
Like this idea if you agree.
Last post: September 6th. See chart .
Review: Price had pulled back below the support level.
Update: Price is now back above the support level and making new highs again and is up 395 points.
Conclusion: We will be looking for long opportunities when we see another breakout.
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This stock is featuring for the first time on our TradingView blogs.
Current setup: Beneath the previous support level but above the 50 simple moving average and the $80 round number.
Conclusion: Wait for a breakout above the previous high before attempting to go long.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
& analyzed it again
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