MACD bullish cross consolidation looking to end Target 110$
$NKE broke from a 10 week downtrending channel. before earnings. Ever since, has yet to dip and hold below the 10 week moving avg. If you aren't in already, you will have to wait for another pullback. $NKE meets all the criteria of a company I love to own. Trendy, profitable, and dominant in its market.
$NKE breaks box on gap up following strong earning a few weeks ago. Uptrend in tact. MACD Crossover Social trend growing strong everyday. Too late to jump in now. Last opportunity was the mid February pullback.
I won't take the bearish trade, I'll simply wait for a bounce on the daily EMA's.
NKE expected to open at 103.30 for a Retest Gap. To learn to trade for free go to www.RealLifeTrading.com
Again another long term holding with strong tailwinds. Just trimming off 1/3 position in a trade around a core position. #1 Short term excess supply signal, L5 cyclical Resistance and further distribution indicate a pull back may be likely. This will probably happen after a push to the psychological level of $100.
@Kazonomics - $NKE 1 Day Looks good to the long side after brewing out of this year long consolidation. Bullish Scenario. Breaks & Clears high of 82.79 for nice entry on its way to target of 87.44 Bearish Scenario: fails support at 80.20 and returns to consolidation range.
A proposed immediate long position in Nike (NKE) - recent bullish signals (above Ichimoku cloud), MACD cross. For an in-depth analysis of the fundamentals see seekingalpha.com supporting this view.