Caryn S says "Perfect time for a short covering rally"
NKE is at a support. There's only been 4 times in the last 10 years the weekly RSI has been this low on NKE. Therefore, a strong gap down, likely gets bought. Kind of looks like a gartley pattern on a weekly also. IF you want to own shares down here, makes sense.
Down nicely since split. A bullish bounce or gap down here also wouldn't shock me. a long term buying level on NKE.
NKE is at a support. There's only been 4 times in the last 10 years the weekly RSI has been this low on NKE. Therefore, a strong gap down, likely gets bought. Kind of looks like a gartley pattern on a weekly also. IF you want to own shares down here, makes sense.
Down nicely since split. A bullish bounce or gap down here also wouldn't shock me. a long term buying level on NKE.
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