Swing Trade Patterns: $NKE Example
NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day. Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock.
The higher line is the bottom completion level for this short-term bottom. The resistance is moderate for a swing trade, but the stock could break through if momentum to speculative buying continues.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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Learn how to use the technical patterns of each market participant for better trade planning.
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