$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences:
- Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support)
- Price action is also at a Demand Zone
- Stochastics is at Oversold levels on the Weekly & Monthly TF
Fundamental Confluences:
- Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years
- Who doesn't love Nike; aside from Adidas?
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NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio.
The Nike brand will not die off that easily. Definitely, a value buy; for me.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Supplyandemandzones
ADA 60% Price Increase On The Horizon#Cardano has had lazy price action compared to other layer 1s.
Right now it's still struggling to stay above key support. Once we can trade above the support and maintain it, my target will be the top of the range 60% away.
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NICE TRADE IDEAS INCOMING!!After a nice selloff and a tap of the demand zone, buyers are stepping in.
Two areas marked with the green circles where I'm interested in taking a short and a long if PA plays out nicely.
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DOGECOIN 10% Dump or 39% Pump!?!Since we broke the support and have not managed to climb back above, a 10% move to the downside is more probable.
If we flip the resistance back to support and hold the level, the target will be $0.18, 39% to the upside.
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30% UP or 30% DOWN Incoming!Currently trading at demand. If we get some buying pressure and start breaking previous candle highs, a 30% move to the upside is likely.
If we flip demand into supply, an almost equal move to the downside to the next support will become the most probable outcome.
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JASMY Key Areas To Look For A GREAT TradeAfter a reclaim of the previous week VAL, there a higher probability price moves up to the daily level $0.0303. That area is where I would look to short and the area I'm interested in longing is $0.0241
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Litecoin Has A Battle Ahead!! Lets Go LTC!There's always a few ways things can play out but I'm thinking something like this.
Bullish move to the upside breaking through the POC. There's a lot of resistance right above around $75. If Flipped we have another Major level, the Monthly and POC at $83 &$84 after that is flipped I would expect $105 to $$115.
Keep in mind we can dump to $62 first to test the untapped weekly.
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40% Increase on the horizonLets keep it simple. We flipped the VAH into support and continue to build value above, next area to test is the VAL above 40% higher. A nice pump is incoming and keep in mind, if the crypto market is bullish so is Robinhood.
Stay focused.
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XRP 16% PUMP To Next Resistance.XRP has broken out of a downtrend which started in March. We manage to close a weekly and daily candle above the POC.
There's a daily level we have failed to close above, over the past 3 days.
Flip that level into support and I would target $0.62 next 16%
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20% Incoming?!? It looks like it!If we manage to hold this level, there's no doubt in my mind that the next target will be the daily level above which is around 20% away.
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Trade idea - EURNZD Long4H
Market was moving in Bull Flag formation.
3rd touch of trend line was aligning perfectly with the -68 Fibonacci.
Missed the early entry on this trade.
New opportunity now to get involved.
Bullish impulse: indication .
Pattern within pattern: confirmation.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
1% risk
Nas100 Bullish Trade Idea Technical Analysis: NAS100
The market appears to be in a bullish reversal setup after finding support and potentially moving towards our supply zone.
If the price breaks above the equilibrium zone: It is likely to head towards the resistance levels marked by the Fib retracement levels.
If the price fails to break the equilibrium zone: It may retest to the 50% line on the fib at 19,655.8 before resuming the upward trend.