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Big movement expected on Nike Inc. Cl B after a breach of 139.81

Nike Inc. Cl B has broken through a line of 139.81 and suggests a possible movement to 135.96 within the next 2 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 19 days.

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Important price line being approached by GER30. This price has been tested numerous times before.

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