Nike needs to get above key resistance of 107; Been basing very well!
@Asphen：
Price Update (25 Feb 2024) - Gap down since the previous earnings in Dec 2023 had been basing well - Clearly building liquidity between 100 and 107 since then - Triple bottom and also a good inverse head and shoulder forming well now - 50% gap fill remains at 115 and full gap fill is at 122 - MA5 has been clustered with MA20 after breaking above, and also MA50/MA200 coming into play ==> Breakout soon if resistance can be broken Bullish - A break of 107 will mean easily 50% gap fill and full gap comes into play Bearish - A break of 100 below will signal a downside possibility to 88 My plays - Continued accumulation between 100 and 107 - Average is now at 104/105 - Will sell put strike 90 if 100 is breached NKE Daily Chart - 25 Feb 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $Nike(NKE)$
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