Technical Analysis – What’s next for Nike: trend reversal or continuation?
The daily oscillators are not clearing up the outlook either. The RSI has fallen below its equilibrium line of 50, while the MACD, although below its trigger line, is still holding above zero.
The move that could signal the completion of a bullish reversal may be a break above 116.00. It would confirm a higher high and investors may get encouraged to challenge the 124.00 territory marked by the highs of June 2 and 8. If they are not willing to liquidate there, they could decide to push the action all the way up to the 139.00 zone, which acted as a temporary ceiling between March 21 and April 21.
Alternatively, a drop below the round number of 100.00 could confirm the break below the uptrend line taken from the low of October 3. Market participants may allow the stock to fall to the 86.00 zone, or even to the two-and-a-half-year low of 82.00, hit on October 3.
To recap, Nike has fallen sharply lately, but it is still trading above a prior downtrend line and a newly drawn uptrend line. A break above 116.00 may complete a bullish reversal on the daily chart, while a dip below 100.00 could signal the continuation of the prevailing downtrend.免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
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