UnknownUnicorn21312077

A trading idea on Nike! 👀

NYSE:NKE   Nike, Inc
Hi everyone! Today’s trading idea is on Nike ( NKE )!

It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next.

Second, the RSI shows an advanced breakout, and this is another confirmation we have here.


Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing . If it loses the support, we should get out. The target is the 138.

If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.

See you soon,
Melissa.

Comments

Thank you for the idea. I will buy a few NKE shares on Monday.
Reply
@vitsha, Nice, it closed above the support, so the trade is still ok. In fact, it is cheaper than before :)
I'll keep sharing ideas with you!
+1 Reply