Nike Looks Ready — A Smart Time to Consider Investing

On the monthly chart, NIKE has been in a downtrend since November 2021, but the signs are pointing toward a potential trend reversal. Here's why I believe the bottom may already be in:

✅ MACD Histogram shows a strong positive divergence, signaling weakening bearish momentum.

✅ The RSI downtrend line has been broken and successfully retested, confirming bullish strength.

✅ A clear hammer candle has formed at a historical wide support zone, showing strong demand.

Now, price is facing three consecutive resistance levels — and with each breakout, the next zone becomes the new target, (87.5 → 102 → 122).

The structure suggests a step-by-step move higher if momentum holds. Keep an eye on the breakout above the descending trendline — that’s where things could accelerate.