$NKE The stock traded up 0.88% during market hours but is down 0.17% after hours. NKE received a bump today saying they will clean up used, returned sneakers, nd put them back on the shelves. I know, this is odd but NKE moved in that news.
Daily timeframe NKE has been attempting to breakdown over the downtrend after getting slapped down by the 50 DM. The Daily MACD is moving average is also crossing over and curling above the RSI which gives an indication of a potential breakout. It needs some volume though.
Resistance: If the market continues to make new highs, we might see NKE test the 138 resistance.
Test New Highs: If NKE can hold over the 136 level then it should see a test of the 138 and 140.
Pullback Level: If it fails to hold above 135 it will likely pullback to the 133 to 130 level support