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

6 ธ.ค. 2024

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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19 ธ.ค. 2024

บันทึก

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

1H View:

20 ธ.ค. 2024

บันทึก

Earnings today! Horrible movement!

1H: