Nike Inc. Cl B has broken through a resistance line of a Channel Down and suggests a possible movement to 120.84 within the next 21 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 27 days.
There is a possibility of a big movement on Nike Inc. Cl B after a breach of the resistance
