PaperBozz

$NKE - Can it travel more?

Long
Nike (BATS:NKE)  
BATS:NKE   Nike
NKE Nike did a successful breakout retest on the descending wedge trendline. It is also forming head and shoulder with neckline about to break.

It is currently up against the $107 - $111 resistance.

The measured move for the break out is $118.

Upside targets:
$111
$115
$124

Downside risk:
$97

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