Nike, Inc.
Long

$NKE - Triangle breakout

156
Update to Nov 4 post: NKE

Nike just broke out of a large symmetrical triangle, with a potential measured move of $150.

Earnings are scheduled for December 21st. Considering the positive quarter reported by $NYSE:FL, it's hard to imagine Nike having a negative quarter. But, as we know, earnings can be unpredictable, so adjust your risk accordingly.

Upside targets:
$115
$124

Downside risk:
$101

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