$NKE 2HR CHART- NKE had a nice double bottom and is currently going for that retest of the downtrend resistance (pink). Also has a nice gap fill at 132, eyeing the volume on the breakout for momentum to carry it to the next supply zone at 136. Under 125 would invalidate this idea.
Welcome to our weekly trade setup ( NKE )! - 4 HOUR Bullish market turnover. DAILY Overall bullish market structure.. WEEKLY Expecting a break above main resistance level. - STOCKS SETUP BUY NKE ENTRY LEVEL @ 135.09 SL @ 132.96 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep...
Reversal Buy setup Reward/Risk: 2.89/1 Entry: 135.18 or at a lower price Stop: 129.00 Target: 150.00 Options Play: April 16 140/145 Call Vertical
Nike had a good earnings report this past quarter beating over 100% of the analysts' expectations on some strong volume too. We can see the potential of the break of the top on these higher lows as well. The current resistance is at $130-$131 where we have see the level get tested time and time again on strong bullish momentum and candles, meaning whoever is...
Looks like the Nike (NKE) stock price is coming down to fill the previous gap, at which level the RSI will be very low, and should result in a bullish reversal. Let me know what you think in the comments. Like this idea if you agree.
Here we have Nike, coming back to the L-MLH. To me this looks like a gift from the trading gods. I sell ITM Puts and buy more OTM Calls. If NKE drops out of the L-MLH, the party is over for me. P!