NKE is showing a classic Double Bottom. Don't miss the move.
Reversal pattern after a downtrend.
Traders are watching Nike, Inc. (NKE) as price action tightens. Currently at $44.19, the asset is showing downward momentum (-0.99%). Algorithmically, a Double Bottom structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $68.04, targeting $92.91 with support near $55.6 (R:R 2.0).
What is your outlook on NKE?