NKE Nike is looking at a possible mean reversion to the upside after long-term MACD is looking at a potential crossover of the signal line at the bottom and histogram is nearing to the zero line. Meanwhile, the Stochastic Oscillator has confirmed the oversold crossover, along side with the 23-period ROC rising above the zero line. Price action wise, the bullish engulfing candle at the gap resistance zone signal more buying pressure continuing. Besides that, the Ichimoku has shown two out of three bullish crossover. Short-term target is at 76.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.