0 iwantmoney Posted March 15, 2019 Author Share Posted March 15, 2019 Quote Link to comment Share on other sites More sharing options...
0 Rakesh Upadhyay Posted March 21, 2019 Share Posted March 21, 2019 Nike is a strong stock. Though the index is still below its lifetime highs, Nike has risen to new highs. This shows outperformance. What is the target level to watch on the upside? The stock has been consolidating close to the new highs for the past four weeks. This shows that the bulls are in no hurry to book profits on their positions and are buying on every minor dip. If the bulls scale above $89, it will indicate the resumption of the uptrend. The target to watch on the upside is between $102.53 and $105.53.. Contrary to our opinion, if the stock dips and sustains below $84, it will indicate profit booking at higher levels and can fall to the 20-week EMA, and below that to the 50-week SMA. Such a move will increase the possibility of a consolidation for a few weeks. Quote Link to comment Share on other sites More sharing options...
Question
iwantmoney
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.