Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside.
All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
