Nike consolidating near supportNike is consolidating near support zone and 50-70 is a good buying area for Nike, 68 being the monthly timeframe trend line support.
Add to watchlist to see how it plays out in the medium-long term
NKED trade ideas
Update on Nike SwingTrade on Nike Swing is no longer relevant because of following :
1) Nike has been unable to higher high which indicates lack of buyers in the market
2) Also, Nike has started consolidating at the supply zone and on top of that it is not heading higher. Which means Nike is distributing right now.
3) Also Nike is distributing on top of demand which means that demand zone will be violated
Right now there is no trade now. But I'm explaining that the long Swing trade is no longer relevant.
Wait for Nike to shape for new opportunities
Nike SwingNike has tested weekly support.
Also, daily has test daily demand.
4HR is also bullish.
Nike is about to impulse on the upside
NKE Looks Like a Buying Opp at Key SupportNKE
Shares of NKE pulled back following change of CEO and harsh comments by VP Pence on businesses that seem to be with China and against Hong Kong and the US. Political and Executive catalysts rarely dethrone a strong earnings-driven trend.
Stepping stone Reaccumulation-NIKEtrading ranges , not classified
would make the chart unnecessarily cumber some
disclaimer... not an investing/trading recommendaiton
