NKE Breakout in Progress

NKE breakout started happening on the news by FED or may be a short squeeze

The next earnings are on 29 June

The current technical breakout showing a movement which can see quick recovery to 128 Levels before earnings


At the earnings it can potentially break the major resistance level of 128


Price levels @ 116 will confirm a fib golden pocket zone entry and will confirm the full bullish reversal of the drop from 128 level.

Entry @ CMP or 116
TP1 @ 128/127
TP2 @ 140
SL @ 110 (105 is strong support)