Nike is forming a potential bull flag, although price is still trading within the downward-sloping channel (highlighted in purple). A breakout appears imminent, which I expect could occur when the market opens on Monday.
The stock has also been holding firmly within the $60.98–$62.33 demand zone, reinforcing the bullish case. Additionally, the last two weekly volume bars have been solid, supporting the expectation of a bullish continuation in the coming week.
#NFA
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$NKE
Nike is forming a potential bull flag, although price is still trading within the downward-sloping channel (highlighted in purple). A breakout appears imminent, which I expect could occur when the market opens on Monday.
The stock has also been holding firmly within the $60.98–$62.33 demand zone, reinforcing the bullish case. Additionally, the last two weekly volume bars have been solid, supporting the expectation of a bullish continuation in the coming week.
#NFA