Nike - NKE
• Missed to create a new high in July
• Descending triangle with a support 94.41/95.04 (gap from end of May) and a resistance at 98.28
• 76.4% Fibonacci Retracement strengths the support at 94.40
• If the stock breaks through the support, next support will be at 87.01/89.66 (gap from mid-May) and the 61.8% Fibonacci Retracement at 87.80
• In my point of view a breakthrough is expectable.
• Descending triangle with a support 94.41/95.04 (gap from end of May) and a resistance at 98.28
• 76.4% Fibonacci Retracement strengths the support at 94.40
• If the stock breaks through the support, next support will be at 87.01/89.66 (gap from mid-May) and the 61.8% Fibonacci Retracement at 87.80
• In my point of view a breakthrough is expectable.
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