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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.
Nike stock could break bearish in the near future.
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.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up ...
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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