649bruno
Short

NKE: Uptend Coming One Foot At A Time?

NYSE:NKE   NIKE INC
18 0 4
NKE-a great company.
It this stock ready for a new bullish trend?
If you look at the above chart, the price action at $59 suggests yes.
NKE-has broken above the Ichimoku Cloud .
The Alligator has opened its jaws and is feeding in a new uptrend.
The three indicators above (top is RSI , middle is Vortex , lower is phase energy), are all positive.

Is it time to jump in with both "feet" ?
I would wait until the down-trend channel is breached to the upside at approximately $60.
Why?
For the answer please move on to the next chart, a weekly view for-NKE. Don.
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