CalebDismuke

$50 holding for NKE

Nike (NYSE:NKE)  
NYSE:NKE   Nike
Technically Speaking
Nike is holding support at $50. A break below $50 could target support at $42.50-45.

I do not own NKE. I own UA, and their chart looks very similar.


Will the $50 level hold?
No one knows, the question is whether you believe the R/R is attractive and how much are you willing to risk to find out.
I am holding off for now, but will look to revisit this chart later this week.


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