jangseohee

Just Long it or Just Short it

NYSE:NKE   NIKE INC
19 3 0
NKE             has been enjoying this long term uptrend channel since a bottom in 2000!
Within last few months or so, two attempt have been made to pierce through this channel net but fail.
In turn, it developed into a nice ascending triangle .
Though MACD is increasing but the strength is much weaker. My MCD             post encountered the identical scenario slightly earlier which resulted in a downside.
On the other hand, there is a possibility of 3rd and successful break out on the upside too
Big move is around the corner...
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