NKE has remained within our internal trading parameters. After assessing the past six weeks our probability is pushing out greater than 90% of closing above the 122.68 by end of the week.
Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target.
End of the week is the key; however, profits can always be taken earlier and expiration dates (if trading options) can be extended out.
Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target.
End of the week is the key; however, profits can always be taken earlier and expiration dates (if trading options) can be extended out.
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