25.09.2014 - On the chart of Nike appeared a new entry point
Nike's stock price after breaking through the strong level of 80,00 continued the growth and increased to 82.50, and then corrected to 80.00. Fixing of price above this mark is a confirmation of the signal to buy shares with the objectives of 87.00, 92.00 and 100.00. In this case, the stop should be set under the level of the nearest local minimum near 78.25. We expect the upward price movement in the medium term and recommend to open long positions with the potential for growth by 25%.