NKE has been displaying strong momentum for the past few days ago, beginning with a large candle gap up on 14th Apr on strong volume.
Expecting this moment to retest it's recent high @ 140 (also 38.2% fib retracement here) this week and could consolidate here a little before breaking higher eventually.
Scale out along the way up and trails stops up at intervals to protect profits as market is volatile.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
Expecting this moment to retest it's recent high @ 140 (also 38.2% fib retracement here) this week and could consolidate here a little before breaking higher eventually.
Scale out along the way up and trails stops up at intervals to protect profits as market is volatile.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.