jwjustinwatkins

NKE - Bullish after Rising Wedge Drop to $130

Long
NYSE:NKE   NIKE INC
NKE
Today: 11/28/20 6pm PST

Plan: Rising Wedge , let NKE fall to Price Line 130.50$/around fib 618, buy and rise, sell before 786 fib.

Price line 130.50$ is a strong resistance all of Oct, but has acted as support recently on Nov 19. Nike is spiking based on earnings , there is no major new to drive the price from current up to the fib 1 area. Expect a small drop, and pick it up as Nike resumes it's regular zone trading.

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