Nike: Expected To Re-Test Its Support Level At Around $101.50
Today’s instrument is the Nike Inc. Class B‘s stock 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 $103.36 which is close to its 52w low at $101.53.
Today, it could re-test its support level at around $101.50 and if able to hold it above that level, then it should rise towards its resistance level at around $113.
(Click on image to enlarge)
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