NKE is finding some short term fib and trend line support in the 146 area. We could see a push up from here but if the market weakens I would be looking at the lower 135/130 zone. It would have longer term 382 fib & trendline support as well as a gap fill. No trade planned yet as I want to watch price action first early in the week.
Note
I did not take this yet, but decent move out of 146 so far into 149.50. 150 will be resistance.Note
Broke the 150 level and closed at 158 on Friday. Hope some of you caught this one. Next targets would be 159 and 162.
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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.