DLavrov

NIKE: Strong Resistance and Sell Opportunity

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Nike (NYSE:NKE)  
NYSE:NKE   Nike
The price reached a strong resistance zone formed by the uptrend line, the upper Bollinger Band, and 100.00 round number level.

RSI reached the overbought zone, and it will be able to confirm the price reversal by a solid signal.

If you have the opportunity to sell this share, it is possible to do with entry level below the low of the 1st bearish candle and stop orders above 100.00 resistance. Profit targets should be placed based on MA with 100 and 200 periods.

Of course, all trades must be done in agreement with proper money management.

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