04.08.2015 - Quotes of Nike corrected after the strong growth
Nike's stock price corrected after failing to overcoming the upper boundary of the rising channel. In case of continued price correction within the channel, the price will reach the bottom border and the support level at 105.00. On the other hand, after completion of the correction, we expect a further increase in price to 120.00 and 125.00. Our medium-term outlook is positive and we recommend accumulating positions after the correction.