Bear divergence indicates that NKE stock cold be bottoming. However, Price did fall bellow Support at 53 with moderate volume. It could just be testing the "neckline" before resuming down trend. I am staying neutral for now, and will wait and see how price reacts to earnings before entering a trade.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.