Hi traders,
I've looked over your NKE (Nike) weekly chart, and I really like the "Reclaim" strategy you've laid out here. It’s a classic trap for bears—wait for the fake-out, then strike when the strength returns.
As of April 21, 2026, Nike is trading around $46.66, having dipped just below that massive long-term support level.
The Fundamental Tailwinds: Insider Buying
Before we look at the lines, I have to highlight the "smart money" move you mentioned. Seeing insider buying at these decade-lows is a huge confidence booster. When executives put their own cash on the line after a 70% drawdown, they aren't looking for a quick scalp—they see a massive valuation disconnect. This provides the fundamental "floor" we need to believe in a multi-year recovery.
My Trading Strategy: The Support Reclaim
The Setup
Right now, the price has technically "broken" the support at the $50.00 mark. Most retail traders are panicking, but I'm waiting for the Reclaim. My trigger for this trade isn't the current price; it’s a weekly close back above that red support line at $50.62.
A move back above $50 would turn this entire recent drop into a "Spring" or a "Deviation," proving that sellers have exhausted themselves. I’m also eyeing the RSI (14), which is deeply oversold at 33.76. I want to see that RSI line start pointing up as the price crosses back over $50.
My Execution Parameters
Entry: I’m not buying yet. My entry trigger is a Weekly Candle Close above $51.00. This confirms the reclaim of the support zone.
Stop Loss: I’ll place my stop at $45.50. This keeps me protected just below the recent "flush" low. If we break that, the thesis of a reclaim is dead.
Take Profit Targets:
Target 1: $79.81 (The first checkered flag). This is the initial major resistance level where I’ll take some profit.
Target 2: $129.03. A return to the 2024 median price action.
Final Target: $177.33. This targets a full recovery to the historical highs.
My Final Thoughts
I love the patience here. By waiting for the reclaim of $50.62, I’m letting the market prove to me that the bottom is in. Chasing it at $46 is a gamble, but buying the reclaim at $51 is a high-probability trade. With insiders backing the play, I’m looking at this as a generational entry opportunity for Nike.
I've looked over your NKE (Nike) weekly chart, and I really like the "Reclaim" strategy you've laid out here. It’s a classic trap for bears—wait for the fake-out, then strike when the strength returns.
As of April 21, 2026, Nike is trading around $46.66, having dipped just below that massive long-term support level.
The Fundamental Tailwinds: Insider Buying
Before we look at the lines, I have to highlight the "smart money" move you mentioned. Seeing insider buying at these decade-lows is a huge confidence booster. When executives put their own cash on the line after a 70% drawdown, they aren't looking for a quick scalp—they see a massive valuation disconnect. This provides the fundamental "floor" we need to believe in a multi-year recovery.
My Trading Strategy: The Support Reclaim
The Setup
Right now, the price has technically "broken" the support at the $50.00 mark. Most retail traders are panicking, but I'm waiting for the Reclaim. My trigger for this trade isn't the current price; it’s a weekly close back above that red support line at $50.62.
A move back above $50 would turn this entire recent drop into a "Spring" or a "Deviation," proving that sellers have exhausted themselves. I’m also eyeing the RSI (14), which is deeply oversold at 33.76. I want to see that RSI line start pointing up as the price crosses back over $50.
My Execution Parameters
Entry: I’m not buying yet. My entry trigger is a Weekly Candle Close above $51.00. This confirms the reclaim of the support zone.
Stop Loss: I’ll place my stop at $45.50. This keeps me protected just below the recent "flush" low. If we break that, the thesis of a reclaim is dead.
Take Profit Targets:
Target 1: $79.81 (The first checkered flag). This is the initial major resistance level where I’ll take some profit.
Target 2: $129.03. A return to the 2024 median price action.
Final Target: $177.33. This targets a full recovery to the historical highs.
My Final Thoughts
I love the patience here. By waiting for the reclaim of $50.62, I’m letting the market prove to me that the bottom is in. Chasing it at $46 is a gamble, but buying the reclaim at $51 is a high-probability trade. With insiders backing the play, I’m looking at this as a generational entry opportunity for Nike.
Trade closed: stop reached
Stop loss reached 
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.