NKE technical analysis - long
Updated
The triangle, displaying the main direction of the up and down movement asserts that, due to the bullish markets, an upward movement is fairly likely. Potential price locations are marked where the trendlines are crossing with the horizontal support/resistance levels.
Note
Apparently, the price decided to head for the second goal which is market at the crossing point of the descending trend line and the resistance level at 53.88.Trade closed manually
Price now does seem to recover which means that it is about time to close our short position and cash in some profits.
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