📉 Nike Inc. (NKE) – Bullish Swing Setup in Play
Nike has formed a strong base around the $54–$56 zone after a significant downtrend. Price is currently consolidating within a demand zone and showing signs of accumulation. A breakout above this range could trigger a short-term bullish reversal.
📍 Entry: $56.40
🎯 Targets:
TP1: $62.65 (previous support turned resistance)
TP2: $70.51 (strong supply zone)
❌ Stop-loss: Below $52.28
Volume shows signs of drying up, indicating potential exhaustion of selling pressure. This setup offers a favorable risk-to-reward ratio if the reversal holds.
Nike has formed a strong base around the $54–$56 zone after a significant downtrend. Price is currently consolidating within a demand zone and showing signs of accumulation. A breakout above this range could trigger a short-term bullish reversal.
📍 Entry: $56.40
🎯 Targets:
TP1: $62.65 (previous support turned resistance)
TP2: $70.51 (strong supply zone)
❌ Stop-loss: Below $52.28
Volume shows signs of drying up, indicating potential exhaustion of selling pressure. This setup offers a favorable risk-to-reward ratio if the reversal holds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.