NKE – EMA Crossover and Bullish Continuation PotentialNIKE (NKE) has completed a clean technical gap fill and is now showing early signs of a trend reversal.
🔍 Key Technical Factors:
✅ Gap Filled: The March-April gap was filled cleanly and held.
✅ EMA Crossover: EMA 9 crossed above EMA 21 → bullish short-term signal.
✅ RSI > 50: Momentum shifting bullish; RSI reclaiming territory above neutral.
✅ Volume Confirmation: Increasing activity during the breakout attempt.
🎯 Next Target: Gap to fill around $70.50
📈 Strategy Outlook:
If price closes above $64.00, this could trigger continuation toward the next gap.
Invalidation below $61.50 (EMA cluster and recent base).
