03.02.2015 - Nike's stock price may correct upwards

Nike's stock price has broken through the strong support level at 92.40 and continued to decline. At the moment, quotations reached the lower limit of downtrend channel, and can rebound from it with the upside potential to 96.00 and the upper limit of the downward channel. At the same time, fixing the price below the level of 92.40, will be the basis for the continuation of reduction with the target at 90.00. We expect growth of quotations in the nearest future but recommend to wait for a signal to open positions.

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