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NKE – approaching a support line that has been previously tested at least twice in the past

Emerging Falling Wedge detected on NKE – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 71.61 and it is expected to move to 70.1790.

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We expect NKD to trend upwards right now.

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Supports and resistances are primary concepts of technical analysis. Nikkei 225 is heading for an important price of 45031.0000 – read about what this could mean for the future.

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