Today’s instrument is the Nike Inc. Class B‘s stock traded in Nasdaq exchange under the ticker NKE.
When we look at the NKE ‘s chart, we see the reversal after the fall in the $118 earlier last week and the steady climb upwards, reclaiming the $124 easily and surging well into the $130 range after consecutive winning days. It managed to reach as high as $132, now acting as temporary overhead resistance and $124 level acting as the closest support level. It was last found trading at the $131.75 range.
Nike Inc. Class B has scheduled a quarterly earnings announcement today 21/03/2022. If earnings expectations are surpassed, we could expect the price to move upwards, towards $140.
Today we can expect a move towards the $135 price level, another extension of the short-term trend.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.