Dec. 8 at 10:29 PM
Actionable Trade Alert for
$NKE:
Market Context:
$NKE is currently trading at
$64.3, showing a moderate bullish sentiment as indicated by an RSI of 56.72. The price is above the 30-day moving average (MA30) of
$63.89 but below the 50-day moving average (MA50) of
$66.02, suggesting potential upward momentum.
Directional Bias: The RSI indicates that the stock is neither overbought nor oversold, and the price is closer to the 60-day high of
$76.97 than the low of
$60.29, supporting a bullish outlook.
Trade Plan:
- Suggested Entry:
$64.50
- Stop Loss:
$62.50 (1.8% below entry)
- Take Profit Targets:
1.
$68.00 (5.8% ROI)
2.
$71.00 (10.8% ROI)
3.
$75.00 (16.5% ROI)
With a potential ROI of over 17% at target 3, this trade offers a favorable risk-reward ratio. Monitor closely and adjust as necessary.
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