NIKE Stock is going strong - more upside is ON THE WAY

Nike is one of the best brands in the world.
Almost everyone desire to own a Nike shoe.

Check out here for more details:
https://malaysiainvestment88.blogspot.com/2019/12/nike-stock-is-going-strong-more-upside.html


So far this year, Nike's stock has been performing quite well.
The stock has increased by about 35%!

Does it still have any more room to go?




Looking at the moving averages trendlines for 50, 150 and 200 days, it is now at strong confirmed uptrend.

However, we can see that the share price has extended quite a bit from the Moving Average of 50 Days.

Expect that the price will need to pull back to the Moving Average 50 Days, and then it will continue to rally.





Heikin Ashi chart shows that the recent candles are a bit flat.
Need to continue to monitor for these coming few days.




Nike just reported earnings on 20 Dec 2019, and so far performance is quite good as well.
The market cap has hit USD159 Billion.
Good to own for a long term investment perspective.

Check out here for the recent quarterly financial report from Nike:
https://s1.q4cdn.com/806093406/files/doc_financials/2020/Q2/FY20-Q2-Combined-NIKE-Press-Release-Schedules-FINAL.pdf

The recent short dip presents a good opportunity to accumulate more.

Happy Investing.

Merry Christmas and a Happy New Year!