$NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024

18 jam laluNKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024

BUY/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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16 jam lalu

Komen

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