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)
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)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.