Intraday Technical Analysis Of Nike Inc.

By Staff of AAATrade.com

Thursday, December 22, 2022 8:02 AM EST

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Today’s instrument is the Nike Inc. Class Β‘s company traded in the NYSE exchange under the ticker NKE.

Looking at the NKE‘s chart, we see that it significantly jumped from around $103 to above $118 yesterday due to the announced better-than-expected quarterly earnings and that it was lastly traded at around $115.60.

Today, it could make a correction toward its support level at around $112.30-113 and it is expected to hold above that level during the trading session with a possibility to test the level of $118.

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AAATrade's Intraday Technical Analysis of Nike Inc. - 22/12/2022

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