Trendy-Neck

TrendyTrades: NKE bounce off 45MIN Demand

Long
NYSE:NKE   Nike, Inc
Using the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE . If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44

Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen.

NYSE:NKE

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