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$NKE NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24

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NKE NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24

NKE Trends:
NKE Weekly: Bearish
NKE Daily: Bearish
NKE 4H: Bearish
NKE 1H: Bullish

BUY/LONG ZONE (GREEN): $79.25 - $88.00
DO NOT TRADE/DNT ZONE (WHITE): $77.25 - $79.25
SELL/SHORT ZONE (RED): $71.00 - $77.25

NKE had a bearish gap down caused by earnings on Oct01. Continuation after the slight pullback to 84.50, price breaks below 81.25 and 80.75, two minor levels I was monitoring. Price breaks this zone, retests, then continues back downwards to 73.25. Price touches 73.25 then begins a slight bullish rally up to 77.25 - 78.00 zone. Current sideways range, bulls look for break above 79.25, bears look for break below 77.25. NKE next earnings report is mid/late Dec.

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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Note
NKE has earnings release tomorrow, Dec19 post market, and has remained in range.

1H View:
snapshot
Note
Earnings today! Horrible movement!

1H:
snapshot
TonyAiello
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
Also on:
Chart PatternsEarningsnikenikeanalysisnikeconsolidationnikeideanikesetupsnikesidewaysrangetradingniketradeniketrendNKETrend Analysis

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Chart PatternsEarningsnikenikeanalysisnikeconsolidationnikeideanikesetupsnikesidewaysrangetradingniketradeniketrendNKETrend Analysis
TonyAiello
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
Also on:

Related publications

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.