$NKE - Can it travel more?NYSE:NKE Nike did a successful breakout retest on the descending wedge trendline. It is also forming head and shoulder with neckline about to break.
It is currently up against the $107 - $111 resistance.
The measured move for the break out is $118.
Upside targets:
$111
$115
$124
Downside risk:
$97