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Reallifetrading
Mar 21, 2016 9:57 PM

NKE pre-earnings analysis  

Nike, Inc.NYSE

Description

If NKE opens below 61.40 on earnings, bear city.
IF NKE opens up but between $66.65 and 68.65, I'll look to FADE. An open above $69 could be nice and strong. It would be a bullish retest. Wait for that retest to come in.

Possible inverted head and shoulders on NKE with today being the confirmation NWS candle.
Comments
hammadshahir
Ya NKE will fade, with the market! A nice entry to SELL CALL SPREAD.
Reallifetrading
We shall see. The open will be very important on this one for sure. :)
hammadshahir
It'll open well below 61.50sh level. Don't worry my friend. :) Yes, it's in bear city short term. If overall market corrects lower, we may see again 56-58 level.
Reallifetrading
BINGO
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