NKE looks at a strong potential bullish reversal from the bottom after price action suggests a double bottom forming. Furthermore, the stock is looking at a potential upside as well after it has broken out of the falling wedge formation. MACD histogram is slightly positive while the mid-term Stochastic Oscillator has performed an oversold crossover. 23-period ROC saw momentum rising and is back into the upside. Volume remain in a cool and healthy expansion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.