Today’s instrument is the Nike Inc. Class B company traded on the NYSE exchange under the ticker NKE.
Looking at the NKE ‘s chart, we see that it is in a downward trend, and it is traded at the current price of around $97 which is close to its 52w low at around $95.35.
Today if it will manage to keep the price above its support level of around $95.50, then we could see it approaching its resistance level at around $100 and if it breaks it through then it might test its next resistance level at around $102.50.
(Click on image to enlarge)
More By This Author:
Darden Restaurants: Might Rise Towards Its Resistance Level At Approximately $127
EURUSD: Can Be Seen Attempting To Pass The Resistance Level Again
GBPUSD: An Expected Upward Reaction Towards Its Resistance Level At Around 1.1340
Comments
Log in or sign up to join the conversation.