Nike Inc (US: NKE) has completed the impulse wave (5) cycle of the intermediate phase and current downside move is potentially on wave (A). Based on the technical, the upside will resume to complete the 2nd leg of wave (B).:
*Expected timeline of the trade is 15 weeks from the date of report issuance.
Red dotted line = 200 Periods MA
Blue dotted line = 63 Periods MA
Green dotted line = 22 Periods MA
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