Jan. 31 at 4:45 AM
$NKE has been stuck in the mud for months, but the coil is getting TIGHT. 👟⏳ Trading at
$61.82, price is trapped between the
$57 floor and
$69 ceiling. While the 200-SMA is still overhead, North American growth (+9%) and a bullish 0.70 put/call ratio suggest the "Smart Money" is betting on an H1 turnaround. 📈🏗️
🐂 Bulls: Must hold
$57 and reclaim
$69 on volume to target
$81+.
🐻 Bears: Looking for a break below
$57 to flush it to the
$52 lows.
Confirming level:
$69.00
#NKE #Nike #ValueInvesting #TechnicalAnalysis #hovdid