NIKE (NKE) has completed a clean technical gap fill and is now showing early signs of a trend reversal.
🔍 Key Technical Factors:
✅ Gap Filled: The March-April gap was filled cleanly and held.
✅ EMA Crossover: EMA 9 crossed above EMA 21 → bullish short-term signal.
✅ RSI > 50: Momentum shifting bullish; RSI reclaiming territory above neutral.
✅ Volume Confirmation: Increasing activity during the breakout attempt.
🎯 Next Target: Gap to fill around $70.50
📈 Strategy Outlook:
If price closes above $64.00, this could trigger continuation toward the next gap.
Invalidation below $61.50 (EMA cluster and recent base).
🔍 Key Technical Factors:
✅ Gap Filled: The March-April gap was filled cleanly and held.
✅ EMA Crossover: EMA 9 crossed above EMA 21 → bullish short-term signal.
✅ RSI > 50: Momentum shifting bullish; RSI reclaiming territory above neutral.
✅ Volume Confirmation: Increasing activity during the breakout attempt.
🎯 Next Target: Gap to fill around $70.50
📈 Strategy Outlook:
If price closes above $64.00, this could trigger continuation toward the next gap.
Invalidation below $61.50 (EMA cluster and recent base).
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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.
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.