$NKE - Triangle breakoutUpdate to Nov 4 post: NYSE:NKE
Nike just broke out of a large symmetrical triangle, with a potential measured move of $150.
Earnings are scheduled for December 21st. Considering the positive quarter reported by NYSE:FL , it's hard to imagine Nike having a negative quarter. But, as we know, earnings can be unpredictable, so adjust your risk accordingly.
Upside targets:
$115
$124
Downside risk:
$101