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lauralea
Jun 25, 2020 4:56 PM

C&H Earnings AMC Long

Nike, Inc.NYSE

Description

It is always risky to trade on earnings so do your own research on this one!
This stock rose from the bottom in an ascending wedge pattern/irrational exuberance, but has fallen out of that wedge, just not quite as far as I would have hoped. It is also in an ascending triangle with some tough R at 105.6 (ish)
Hypothetical Breakout: 106
Stop below handle low: Under 93
Target 1: 121 to 132
Target 2: 164 to 175

Be safe!
Comments
lauralea
Gap up at 91.5 (ish)so am thinking this level would be fantastic support
Has fallen out of rising wedge and is beginning to look more interesting
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