NKE took a beating after missing revenues by $50M (.5%) and providing soft guidance. Yet, they continue to buy back their shares (decreasing supply). I fully expect NKE to hit $89.15 by the next Earnings reports, if not $94.10. There's 10-15% upside within the next 3 months. Don't miss the train!
NKE has finally broken out of heavy resisted 75.44! While there is still a lot of fight ahead, a break of 79.04 could catapult Nike to the high 80s/low 90s with very few clouds in the sky! Heading into retail season, Nike is a MUST BUY at this point!
Resistance has formed at 53.97 and 57.44. In the short term, I expect RDDT to continue it's downtrend until it can prove to me it's bullish by breaking hard beyond 53.97 then 57.44. Will be sitting on the sidelines til then or otherwise!
Support has been formed at 106.26 that helps to support the break of resistance at 107.50. With this break, NVDA should continue its move to retest 119.95 over the next week or two. Will need to wait for a confirmation of the trend break with a move above 108.50.
BTC has bounced near the support line that has existed since 11/15 of last year. MACD has just crossed over for the bad, and all other indicators are pointing towards more pain. A quick look at the longs vs shorts counter on bitfinex, also tells me there has not been enough pain for longs. That being said, I see price moving below support and into the next level...
Following an article I caught on the Berminal news app, I hopped onto the chart to see what they may have been talking about. The article states that mass adoption for Litecoin is around the corner that will act as the catalyst for it to moon. What does TA say? Taking a look at the chart, I have to say I think I agree. A line of support dating back to 3/29 is...