$NKE Keep an eye for now
NKE Nike looks interesting. It is on the verge of breaking out. However, it still needs follow-through for a couple of trading sessions to confirm. One thing to note is that the RSI is close to an overbought condition, so there is a chance that it might close that gap.The fact that they replaced the CEO close to earnings indicates that the earnings report might not meet expectations.
For that reason, I am not inclined to take a position until it moves deeper into the buy area. Just keeping an eye for now.👀
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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