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nke

NIke stock has been under bear pressure since the beginning of 2016. A long-term Bearish Resistance Line is drawn in image. By the end of 2016 prices started consolidation in an upward channel. I would like to see the channel breaking out above the resistance line. That will confirm end of the Bearish trend in $NKE.

Once it breaks out, Price could see mid 60s in the future.