Nike Inc. Cl B has broken through a line of 134.34 and suggests a possible movement to 141.77 within the next 3 days. It has tested this line numerous times 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 32 days.
Related Posts
Extreme movement experienced on BABA. Check this chart to see what to do next
An unexpected large move has occurred on BABA Daily chart beginning at 99.83 and ending at 85.55. Is…
TSLA keeps moving closer towards 335.9000. Will it finally breach this level?
TSLA is en route to a very important line that will be a definite deciding factor of what…
A Triangle has formed, XOM is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
XOM is moving towards a resistance line. Because we have seen it retrace from this line before, we…