NIKE is Bullish
After retesting a year long descending trendline once again, the bulls now seem to be in the driving seat as they have managed to break it with good volume. If the previous lower high is broken successfully, then we can expect a bullish rally s per Dow theory. Targets are mentioned on the chart.
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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.