Based on the technical analysis of NKE on the 45min chart, there are a lot of signals that show the stock is positioning itself for a positive upswing.
First there are multiple green bands overlapping each other on the Guth 3x confirm, these are buy signals that have a history of being very accurate.
Second there are 2 buy signals that came up under the Divergence+ script, a script so accurate that it cost a monthly subscription. These buy signals are based on divergence.
Third, and because I have been speaking about divergence, the MACD shows decreasing bearish strength and increasing bullish strength.
Finally the RSI is low in to comparison to last week, currently sitting at 40.43 indicating that the stock is underbought.
Comment your thoughts below and leave a like if you are a NKE bull or believe this upswing could happen. Follow to see to upward movement that is almost guaranteed by the combination of the D+ and 3x buy signals.
First there are multiple green bands overlapping each other on the Guth 3x confirm, these are buy signals that have a history of being very accurate.
Second there are 2 buy signals that came up under the Divergence+ script, a script so accurate that it cost a monthly subscription. These buy signals are based on divergence.
Third, and because I have been speaking about divergence, the MACD shows decreasing bearish strength and increasing bullish strength.
Finally the RSI is low in to comparison to last week, currently sitting at 40.43 indicating that the stock is underbought.
Comment your thoughts below and leave a like if you are a NKE bull or believe this upswing could happen. Follow to see to upward movement that is almost guaranteed by the combination of the D+ and 3x buy signals.