$NKE Keep an eye for now

٢٢ سبتمبر ٢٠٢٤

NKE Nike looks interesting. It is on the verge of breaking out. However, it still needs follow-through for a couple of trading sessions to confirm. One thing to note is that the RSI is close to an overbought condition, so there is a chance that it might close that gap.

The fact that they replaced the CEO close to earnings indicates that the earnings report might not meet expectations.

For that reason, I am not inclined to take a position until it moves deeper into the buy area. Just keeping an eye for now.👀