NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024
BUY/LONG ZONE (GREEN): $ DO NOT TRADE/DNT ZONE (WHITE): $ SELL/SHORT ZONE (RED): $
Weekly: Bearish Daily: Bullish 4H: Bullish
NKE price is now approaching the 88.00 - 89.00 level that was a previous support level (week of Apr01'24). Bearish momentum from Jun27'24 earnings broke this level. We are now revisiting it from a bullish rally that was spawned by the CEO retiring and a new one being appointed. The support, the break, and the retest are three visits to this level, which is why I'm now viewing it as a potential entry for trades. Keep an eye out for the Oct01 earnings call.
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!