If NKE opens in the red box, should be a pretty bearish gap. Not specifically on that day, but I could see NKE from there trading lower into $46 ish.
If NKE opens in the purple box, no idea...
If NKE gaps up in the green box, the lower highs from the previous bearish intermediate trend would be some targets, but that likely would be a strong area of resistance AND THEN - that gap could be the reason that NKE takes off from this support area.
If NKE opens in the purple box, no idea...
If NKE gaps up in the green box, the lower highs from the previous bearish intermediate trend would be some targets, but that likely would be a strong area of resistance AND THEN - that gap could be the reason that NKE takes off from this support area.
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