Dec. 15 at 5:44 AM
Actionable Trade Alert for
$NKE:
Market Context:
$NKE is currently trading at
$67.47, showing strength but nearing overbought territory with an RSI of 68.06. The stock is above its 30-day MA of 63.8 and 50-day MA of 65.53, indicating bullish momentum. The recent 60-day high of 76.97 suggests potential upside, while the low of 60.29 establishes a support range.
Directional Bias: Given the strong positioning above key moving averages and the proximity to the 60-day high, we maintain a bullish outlook on
$NKE.
Trade Plan:
- Suggested Entry:
$67.50
- Stop Loss:
$65.00 (2.5% risk)
- Take Profit Targets:
1. Target 1:
$70.00 (3.7% gain)
2. Target 2:
$73.00 (8.5% gain)
3. Target 3:
$79.00 (17.2% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
