Best Swing Trade Idea: Nike Stock

Technical Analysis: Nike Stock

Nike: Monthly time frame according to Nike stock  price trading between a descending channel (technical pattern) .

According to Monthly time frame Price continue make HH-HL level. Friday Pice closed at 73.42.
It may be a slightly downward move in the coming week. Price already reached a strong monthly demand zone level. 

weekly time frame according to the bearsh trend running. stock could be follow up next support level of 67–60. 
Swing Trade Idea’s: 1 
NOTE: Entry will be only after daily or weekly candle rejection.
Entry price = 73-65
SL Price = 59.41
Target 1: @ = 91 
Target 2: @ = 116 

Note: Keep trailing your stop loss to secure bigger profits.

Please note this is only an opinion and not financial advice.

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