NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024BUY/LONG ZONE (GREEN): $
DO NOT TRADE/DNT ZONE (WHITE): $
SELL/SHORT ZONE (RED): $
Weekly: Bearish
Daily: Bullish
4H: Bullish
NKE price is now approaching the 88.00 - 89.00 level that was a previous support level (week of Apr01'24). Bearish momentum from Jun27'24 earnings broke this level. We are now revisiting it from a bullish rally that was spawned by the CEO retiring and a new one being appointed. The support, the break, and the retest are three visits to this level, which is why I'm now viewing it as a potential entry for trades. Keep an eye out for the Oct01 earnings call.This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Forgot the zone levels, they're shown on the chart but for quick reference I like to keep them in the description as well.BUY/LONG ZONE (GREEN): $82.50 - $97.50
DO NOT TRADE/DNT ZONE (WHITE): $78.00 - $82.50
SELL/SHORT ZONE (RED): $71.00 - $78.00
Note
Price moved away from the 88.00 level yesterday but has returned to the level today. I'm still relying on this being an important area for next week's earnings release.1H View:
Trade active
EARNINGS POST MARKET TODAYDaily:
Trade active
NKE shares have fallen to the 83.25 level post earnings.1H:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
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.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
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.