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NKE - Bullish after Rising Wedge Drop to $130
NKE
Today: 11/28/20 6pm PST
Plan: Rising Wedge, let NKE fall to Price Line 130.50/around fib 618, buy and rise, sell before 786 fib.
Price line 130.50$ is a strong resistance all of Oct, but has acted as support recently on Nov 19. Nike is spiking based on earnings, there is no major new to drive the price from current up to the fib 1 area. Expect a small drop, and pick it up as Nike resumes it's regular zone trading.
Today: 11/28/20 6pm PST
Plan: Rising Wedge, let NKE fall to Price Line 130.50/around fib 618, buy and rise, sell before 786 fib.
Price line 130.50$ is a strong resistance all of Oct, but has acted as support recently on Nov 19. Nike is spiking based on earnings, there is no major new to drive the price from current up to the fib 1 area. Expect a small drop, and pick it up as Nike resumes it's regular zone trading.
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