Long position. Price action above 242.05. TP1:245.02 TP2: 250.03 TP3 255.04 SL Below low of inside bar
Short position. Price action below 236.88. TP1: 233.71 TP2: 228.64 SL above high of inside bar
Has fallen out of linear regression channel on the daily chart. Overall bullish on daily, but has been trending down the past few days. Buyers and sellers are duking...
Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do...
DKNG has a lot of price action on the bottom half of this channel.
Use 30 min time frame for entry and exit.
SHORT SIDE
Based on this, short term analysis, DKNG is at an uncomfortable level and will retrace down to bottom, at it's comfort zone.
Confirmation: stoch crossing below 80, and bearish candle.
EXTRA confirmation - Volume below 20 MA. As long as volume...
