$NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024

21 thg 9

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!

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21 thg 9

Ghi chú

Forgot the zone levels, they're shown on the chart but for quick reference I like to keep them in the description as well.

BUY/LONG ZONE (GREEN): $82.50 - $97.50
DO NOT TRADE/DNT ZONE (WHITE): $78.00 - $82.50
SELL/SHORT ZONE (RED): $71.00 - $78.00

25 thg 9

Ghi chú

Price moved away from the 88.00 level yesterday but has returned to the level today. I'm still relying on this being an important area for next week's earnings release.

1H View:

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EARNINGS POST MARKET TODAY

Daily:

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NKE shares have fallen to the 83.25 level post earnings.

1H: