NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more...
Market Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement...
On the hour chart the trend started on June 1 (linear regression channel). There is a high probability of profit. A possible take profit level is 111.70 But do not forget about SL = 102.72 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements. Therefore we expect the stock to rise and target the resistance of 138.65, provided it...
NYSE:NKE bull flag breakout is about to happen. This time it may surpass the supply zone.