Nike analysis using volume profile. Where are we heading?
Hi everyone,
Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action.
The stock made ATH early November and proceeded to sell off with the broad market in December.
At the day of earnings stock reached 155 level, which is just outside the Value zone.
After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain.
Now the way is up. 177-179 level should be retested soon.
Let me know what you think of this stock.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action.
The stock made ATH early November and proceeded to sell off with the broad market in December.
At the day of earnings stock reached 155 level, which is just outside the Value zone.
After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain.
Now the way is up. 177-179 level should be retested soon.
Let me know what you think of this stock.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
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