$NKE TOP 20
Added 2024-02-19 21:14:56 +0000 UTC$NKE started the week strong after they announced that they were cutting jobs again and the price action jumped to the 200 Day MA and rejected, it pulled back slightly and tested again.....but the 50 Day MA is also there to reinforce this resistance level too, so if the Bulls are going to break out of this range, they will likely need a stronger catalyst.
$ONON also remains looking bullish and in a much stronger position to $NKE now too.....which I believe puts more pressure on the $NKE bulls.
We still can not rule out a test of the yellow trend line under $96, below this level and the bears have it and the price can go to below $82.
Its clear here, bulls need to get the price to hold above the 200/50 Day MA at $107.
