Technically Speaking
Nike is holding support at $50. A break below $50 could target support at $42.50-45.
I do not own NKE. I own UA, and their chart looks very similar.
Will the $50 level hold?
No one knows, the question is whether you believe the R/R is attractive and how much are you willing to risk to find out.
I am holding off for now, but will look to revisit this chart later this week.
Nike is holding support at $50. A break below $50 could target support at $42.50-45.
I do not own NKE. I own UA, and their chart looks very similar.
Will the $50 level hold?
No one knows, the question is whether you believe the R/R is attractive and how much are you willing to risk to find out.
I am holding off for now, but will look to revisit this chart later this week.
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Long UA.
CalebDismuke
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