Short term bearish and Long term Bull
WATCH FOR EARNINGS, CLOSE POSITIONS BEFORE THAT !!!
Nike has been beating earnings in the past, its only down because of the sales growth outlook. Expect NKE to beat earnings again.
Nike seems in the middle of a corrective phase. I'm expecting one more wave up before a possible big drop if downward trendline holds. Bullish divergence for the wave up. Buying the breakout seems a good idea.
Nike has been an investors best dream for many years now as it has compounded investor capital by double-digits for the past 10 and 20 years. Lately, however, NKE is in a correction which has reached 22%, which is a very typical correction for this superstar stock.
Instead of waiting until the moment that NKE has reached down to an ideal entry level at $51 or...
Hi all, this Trading Plan is about capturing the short squeeze move of price, as a result of a failed breakout.
1. Nike (NKE) has been trending steadily from 2013 to 2015 Nov. During this 23 month period price has been rising in a channel like manner, from $25 to $60s, a relative increase of over 140%.
2. Between 2015 Nov to 2016 June, the bullish trend...
Nike started ewak after the latest downgrade.
In the today's opening range about 54. 00 USD is a considerable horizontal support in the form of the present annual low and the longterm trend channel`s bottom edge.
If Nike can defend the longterm trend and reenter it, a shortterm buying Signal can apear.
Prices below 52.85$ can cause the next downwave.
Nike was in the news today with a few missed estimates so i decided to check it out and what do you know, we've got a potential bullish Gartley formation coming right back down into previous structure support.
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Akil Stokes
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www.TradeEmpowered.com -The Premier Online Trading Education Company
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