1NKE trade ideas
NKE- Long set upNike has been in a strong trend. Just broke out of previous highs of Feb and may run higher. Nice set up. There is a trend line resistance coming up on higher time frames but if market breaks to new high. Nike which has been trending strong will go with it.Just an opinion. Please do your homework before trading or investing in any financial asset.
Another potential for Fib Extension I got this just entered just a few days ago. Hoping the Fib Extension also plays out well, approximately $133.85. Always watch $SPX closely while trading. But stops for guarding your portfolio.
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NIKE hits all time highs, now what?Hello everyone:
NIKE has had the bullish move to the upside, hitting the all the high price.
We see the price broke out of the triangle structure, and quick correction followed by the strong impulse.
As how I always approach these type of price action would be keep a close eye on whether we will get a continuation correction here on the lower time frame.
This will give me extra confluence to add in more buys.
Look for either a breakout from this channel structure, or wait for a deeper correctional structure and enter the buy.
Thank you