The breakout of Nike Inc. Cl B through the 170.26 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Nike Inc. Cl B to test 168.34 within the next 19 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 170.26 numerous times, Nike Inc. Cl B has finally broken through. Can we expect a bearish trend to follow?
