Nike
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NIKE LONGS!

Nike longs!

Nike (NKE) has surged over 12% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast.

Price action has formed an inverse head and shoulders pattern, looking for the price to run back towards $150, as we look to break out of the bearish market structure via the weekly.
Chart PatternsFundamental AnalysisnikeNKEStocksstocksignalTrend Analysis

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