NKE-a great company.
It this stock ready for a new bullish trend?
If you look at the above chart, the price action at $59 suggests yes.
NKE-has broken above the Ichimoku Cloud.
The Alligator has opened its jaws and is feeding in a new uptrend.
The three indicators above (top is RSI, middle is Vortex, lower is phase energy), are all positive.
Is it time to jump in with both "feet" ?
I would wait until the down-trend channel is breached to the upside at approximately $60.
Why?
For the answer please move on to the next chart, a weekly view for-NKE. Don.
It this stock ready for a new bullish trend?
If you look at the above chart, the price action at $59 suggests yes.
NKE-has broken above the Ichimoku Cloud.
The Alligator has opened its jaws and is feeding in a new uptrend.
The three indicators above (top is RSI, middle is Vortex, lower is phase energy), are all positive.
Is it time to jump in with both "feet" ?
I would wait until the down-trend channel is breached to the upside at approximately $60.
Why?
For the answer please move on to the next chart, a weekly view for-NKE. Don.
