NIKE Price action
Nike
The stock is flying and just making higher highs since first quarter of 2017 , we see some consolidation in 2019 second quarter , however it ended with strong bullish candle and touched all time highs.
Technically
1. We see a week double top , with not much significance
2. There is clear divergence in price and RSI , which shows price can reverse
3. Also its now at the upper boundary of the upper trend line with double top it might open lower on Monday
Fundamentally
1. Nike is launching extraordinarily products
2. Their marketing strategy is just awesome
3. With a recent big success of INEOS 159 Challenge their product sales will get a good boost
The stock is flying and just making higher highs since first quarter of 2017 , we see some consolidation in 2019 second quarter , however it ended with strong bullish candle and touched all time highs.
Technically
1. We see a week double top , with not much significance
2. There is clear divergence in price and RSI , which shows price can reverse
3. Also its now at the upper boundary of the upper trend line with double top it might open lower on Monday
Fundamentally
1. Nike is launching extraordinarily products
2. Their marketing strategy is just awesome
3. With a recent big success of INEOS 159 Challenge their product sales will get a good boost
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