Nike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why:
The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
- Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows.
NKE is also testing a 3M uptrend line from the low of 2017 through the low of 2020.
The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
#4JEAN
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#4JEAN
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.