Big movement expected on Nike Inc. Cl B after a breach of the support

Nike Inc. Cl B has broken through a support line of a Rising Wedge and suggests a possible movement to 103.88 within the next 18 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.