A Trend-Reversal for Nike expected!
A lot of analysts are pretty sure that NKE is a solid long-term investment. But in the past week and a half, there was a huge price-drop.
and the latest daily candles don't look too promising ... three Dojis and a red candle - pretty indecisive.
But there is a bullish Signal - a bullish Divergence of price vs CCI.
Looking at the past two bullish CCI Divergences, both were followed by huge gains. And now RSI is oversold, so maybe a good time to go long with NKE.
and the latest daily candles don't look too promising ... three Dojis and a red candle - pretty indecisive.
But there is a bullish Signal - a bullish Divergence of price vs CCI.
Looking at the past two bullish CCI Divergences, both were followed by huge gains. And now RSI is oversold, so maybe a good time to go long with NKE.
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