NKE has broken through a line of 55.1550 and suggests a possible movement to 56.7955 within the next 6 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
If you’re short NKE you should be aware that 55.1550 has just been breached – a level tested 3 time in the past
