Analyzing NKE I find that the long term downtrend is still not managing to reverse, but is showing some signs.
Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22.
If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the long term, and will dump further and further, until we print a real weekly div.
Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22.
If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the long term, and will dump further and further, until we print a real weekly div.