Nike took a massive hit over the summer and gap down quite a bit. This leaves quite a large amount of room for correction in the future. I looks as though the stock has gain support in the long position and is hunting down the Gap Fill Target of 94$.
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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.