Potential C&H is forming on Nike.
It's definitely too soon to execute trades based on the week upside in the last few days. We need the price to break above the Resistance of the previous M Formation.
This one requires a bit of patience because anything can happen at this rate.
Either it can form a C&H, W Formation, Scallop. Or it could fail and drop further if we don't see strong buying activity from Smart Money.
We'll have to wait and see.
Mixed MAs
RSI>50
Target $138.11
ABOUT THE COMPANY
Nike, Inc. is an American multinational corporation that is one of the world's largest suppliers of athletic shoes and apparel.
Founding: Nike was founded in 1964 as Blue Ribbon Sports by Bill Bowerman, a track-and-field coach at the University of Oregon, and his former student Phil Knight.
Name Origin: The name "Nike" was adopted in 1971. It comes from the Greek goddess of victory, Nike (pronounced "Nee-key" in Greek), symbolizing the company's goal to associate its products with victory and success.
Swoosh Logo: The iconic "Swoosh" logo, representing the wing of the Greek goddess Nike, was designed by graphic design student Carolyn Davidson for a mere $35.
First Shoe: The first shoe with the Swoosh logo was a soccer shoe named "Nike," released in 1971.
Public Listing: Nike went public in 1980 and is listed on the New York Stock Exchange (NYSE).
Global Brand: As of 2021, Nike operates in more than 170 countries around the globe.
Revenue: In its 2020 fiscal year, Nike generated over $37 billion in revenue.
Sponsorships: Nike is well-known for its endorsement contracts with high-profile athletes like Michael Jordan, Tiger Woods, Serena Williams, and LeBron James, among others.
Air Jordan: Nike's Air Jordan brand, launched for Michael Jordan in 1985, has become one of the most successful and iconic shoe brands in history.
Innovations: Nike is known for its innovative products, such as Air Max, Nike+ (a collaboration with Apple), and Flyknit shoes.
Just Do It: The "Just Do It" campaign, launched in 1988, has become one of the most famous and effective marketing campaigns in history.
It's definitely too soon to execute trades based on the week upside in the last few days. We need the price to break above the Resistance of the previous M Formation.
This one requires a bit of patience because anything can happen at this rate.
Either it can form a C&H, W Formation, Scallop. Or it could fail and drop further if we don't see strong buying activity from Smart Money.
We'll have to wait and see.
Mixed MAs
RSI>50
Target $138.11
ABOUT THE COMPANY
Nike, Inc. is an American multinational corporation that is one of the world's largest suppliers of athletic shoes and apparel.
Founding: Nike was founded in 1964 as Blue Ribbon Sports by Bill Bowerman, a track-and-field coach at the University of Oregon, and his former student Phil Knight.
Name Origin: The name "Nike" was adopted in 1971. It comes from the Greek goddess of victory, Nike (pronounced "Nee-key" in Greek), symbolizing the company's goal to associate its products with victory and success.
Swoosh Logo: The iconic "Swoosh" logo, representing the wing of the Greek goddess Nike, was designed by graphic design student Carolyn Davidson for a mere $35.
First Shoe: The first shoe with the Swoosh logo was a soccer shoe named "Nike," released in 1971.
Public Listing: Nike went public in 1980 and is listed on the New York Stock Exchange (NYSE).
Global Brand: As of 2021, Nike operates in more than 170 countries around the globe.
Revenue: In its 2020 fiscal year, Nike generated over $37 billion in revenue.
Sponsorships: Nike is well-known for its endorsement contracts with high-profile athletes like Michael Jordan, Tiger Woods, Serena Williams, and LeBron James, among others.
Air Jordan: Nike's Air Jordan brand, launched for Michael Jordan in 1985, has become one of the most successful and iconic shoe brands in history.
Innovations: Nike is known for its innovative products, such as Air Max, Nike+ (a collaboration with Apple), and Flyknit shoes.
Just Do It: The "Just Do It" campaign, launched in 1988, has become one of the most famous and effective marketing campaigns in history.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)