The movement of Nike Inc. Cl B towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
After testing the resistance line numerous times, Nike Inc. Cl B is once again approaching this line. Can we expect a bullish trend to follow?
