AnneTrader
Long

NKE getting close to $100

NYSE:NKE   NIKE INC
NKE             has cropped up quite frequently on our breakout lists lately. It doesn't have a very linear history (pullbacks tend to be too deep for most risk management structures).

But since breaking above the $80 mark it has offered several opportunities to buy. The October pullback was not too deep, remaining comfortably above the daily 50ma. Once price broke $90 NKE             became a better proposition and there were several opportunities to long the stock .

Now, however, price is getting a little close to the $100 figure. This can be a psychological resistance so, unless you feel you can get risk-free on your trade before then, this is a future buy with a current bias to stand aside.
chetanpandit
2 years ago
Thank you Anne for sharing this information.
Reply
AnneTrader PRO chetanpandit
2 years ago
It's a pleasure to do so.
Reply
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