NikeLong
fake breakout , bullish signs for NIKE
Hello guys,
Nike suddenly bróke down under the major horizontal support of 131 but it was seemingly a fake breakout and jumped back. Furthermore it´s forming a bullish flag on smaller timeframe. Additional to that in terms of the fundamental view, the pandemic will be eliminated and the economy is going to recover, that signifies that Nike will benefit much more from the reopening.
Nike suddenly bróke down under the major horizontal support of 131 but it was seemingly a fake breakout and jumped back. Furthermore it´s forming a bullish flag on smaller timeframe. Additional to that in terms of the fundamental view, the pandemic will be eliminated and the economy is going to recover, that signifies that Nike will benefit much more from the reopening.
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Disclaimer
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.