💉Nike (
NKE) creates the bottom now:
🔎Analysis summary:
📝Levels to watch:
🙏🏻#LONGTERMVISION
Philip - Swing Trader
NKE) creates the bottom now:🔎Analysis summary:
More than four years ago, Nike created its previous all time high. We have been witnessing a downtrend ever since and a correction of about -70%. But with the recent retest of an important horizontal structure and bullish confirmation, Nike is about to create a potential bottom.
📝Levels to watch:
$65, $80
🙏🏻#LONGTERMVISION
Philip - Swing Trader
Trade active
💉Nike (NKE) will soon break out:🔎Analysis summary:
As we are speaking, Nike is actually retesting a major long term resistance trendline. After the harsh drop over the past couple of months, it seems like a potential bottom will be created soon. Such a bottom could result in a major trendline breakout.
📝Levels to watch:
$65, $80
🙏🏻#LONGTERMVISION
SwingTraderPhil
Trade closed: target reached
💉Nike (NKE) prepares the breakout:🔎Analysis summary:
From the recent lows, Nike rallied about +40%, clearly showing bulls slowly taking over. Following the major horizontal level on the higher timeframe, there is a decent chance of a trendline breakout. If this happens, the bottom is set on Nike.
📝Levels to watch:
$80
SwingTraderPhil
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Free: SwingTrading-Academy👇
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Related publications
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.